ICAI News – The Institute of Chartered Accountants of India (ICAI) has released the exposure draft of the 13th edition of the “ICAI Code of Ethics”, inviting comments, & feedback from the stakeholders.
The 12th edition of the ICAI Code of Ethics was issued with effect from 1 July 2020. Because of developments in the profession, evolving expectations of the stakeholders & some regulatory changes, ICAI’s Ethical Standards Board (ESB) has proposed revisions. These proposed changes are compiled into an exposure draft of the 13th edition of the Code.
Key features of the exposure draft
- The exposure draft is spread across three volumes (Volume-I, Volume-II, Volume-III) available for download.
- A summary of key changes in comparison to the 12th edition is available as an annexure.
- The institute has requested feedback and suggestions from practitioners, firms, students and other stakeholders.
- Deadline for comments is 30 days from the announcement date – i.e., feedback must be submitted by 26 November 2025.
- Feedback can be sent via email ([email protected] / [email protected]) or through an online form.
Why does this matter for you?
For chartered accountants, accounting firms, auditors, students and academia, the “ICAI Code of Ethics” is foundational. The proposed 13th edition will directly impact professional conduct, ethical responsibilities, independence, professional scepticism and other core obligations. If you are practising or preparing for the CA path, you must be aware of changes to stay compliant, uphold standards and maintain trust. The request for comments is a rare opportunity for you to influence the Code.
What can you do?
- Download the exposure draft volumes and read the summary of changes.
- Compare the proposed 13th edition with the current 12th edition to identify what’s changed.
- Think about your practice, your firm’s policies, or your student-learning context: how might these changes affect you?
- Submit your comments by the deadline (26 Nov 2025) via email or online form, sharing practical inputs, concerns or suggestions.
- Keep track of when the final 13th edition will be issued and be ready to implement it in your work or study routine.
Final word
The “ICAI Code of Ethics” continues to evolve. This exposure draft for the 13th edition underscores the commitment of ICAI to adapt the profession’s ethical framework in line with global & domestic developments. By engaging with this process, you become part of the community safeguarding integrity, professionalism and the reputation of chartered accountancy in India.
Stay informed, review the draft, submit your comments—and prepare to embrace the future of ethical standards in accountancy under the “ICAI Code of Ethics”.
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