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CA Ram and CA Krishna are close friends and are into practice as sole proprietors. Both decided to expand their focus on taking up more assignments…

CA Final · Advanced Auditing, Assurance and Professional Ethics · MTP · January 2026

CA Ram and CA Krishna are close friends and are into practice as sole proprietors. Both decided to expand their focus on taking up more assignments in the field of Goods & Services Tax. On the back of the same, they both decided to conduct a joint training session for their clients on GST and decided to share the total fee collected thereof. They invited another CA from their professional circle to join the initiative. However, the person declined the same informing that this act was against professional ethics and would lead to disciplinary action from ICAI. Whether the act of conducting joint training session on GST by CA Ram & Krishna and sharing of the fee collected leads to professional misconduct as per the Chartered Accountants Act 1949?

(A) Yes, as per clause 2 of Part I of First Schedule, a CA in practice is allowed only to pay / share the commission or brokerage or profits from his professional business only with another practicing CA. It does not allow sharing of any fee collected from joint training sessions. Hence both CA Ram & Krishna are guilty of professional misconduct.

(B) Yes, CA Ram & Krishna will be held guilty of professional misconduct for conducting the joint training session on GST as per part IV (other misconduct) of the First Schedule of the Chartered Accountants Act 1949.

(C) Yes, this is a case of solicitation of client whereby, CA Ram can influence clients of CA Krishna and vice-versa. Hence the conduct of the joint training session will lead to being guilty of professional misconduct as per clause 6 of Part I of First Schedule of the Chartered Accountants Act 1949.

(D) No, as per the recent decisions of Ethical Standards Board, it is permissible for two or more CAs in practice collectively to have joint training sessions for their clients on GST, and share the fee collected from the clients thereof.

CA Ram and CA Krishna are close friends and are into practice as sole proprietors. Both decided to expand their focus on taking up more assignments…

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