Arjun (A) O Lord, you have always been telling me the importance of
ethics; but ...
Shrikrishna But what, Arjun?
A In practice, it is very difficult.I will have to close down my practice.Whatever I do, there is some misconduct or
the other.Just not possible to escape.
S (smiles). What you say is largely true.But ultimately, it is in your own interest to
follow the rules of ethics.
A How?Many times it is a burden.
S You are mistaken.Yours is not only a profession; but a
A This is very philosophical and idealistic.
S Listen, the very foundation of any
profession is credibility.If that is
lost, not only that individual member but the entire profession suffers.
A Its really a challenge.Just think, we as chartered accountants are
answerable to so many authorities MCA, SEBI, Tax authorities, Bankers, RBI,
FEMA, Labour law authorities, authorities under many economic laws and most
importantly, our client!This is