The CPA Council is a constituent unit of the ICFAI University established for the development and regulation of the CPA profession on sound ethical lines. All students who successfully complete the CPA Program are eligible to become members of the CPA Council and are required to adhere to the Code of Ethics and Standards of Professional Conduct, as prescribed by the CPA Council from time to time. The Code of Conduct covers, inter alia, the following aspects:

• Integrity: A CPA shall conduct himself* with integrity and dignity in his dealings with the public, clients, customers, employers, employees, professionals and fellow analysts.

• Ethical Behavior: A CPA shall conduct himself and shall encourage others to practice the financial analysis profession in a professional and ethical manner that will reflect credit on himself and his profession and his organization/employer where or for whom he is working.

• Professional Competence: A CPA shall act with competence and shall strive to maintain and improve his competence and that of others in the profession.

• Objectivity: A CPA shall be fair in his dealings and must not be biased or prejudiced. He shall try to maintain objectivity and impartiality towards one and all.

• Professional Independence: A CPA shall use proper care and exercise independent professional judgement in all his professional activities.

• Public Trust: A CPA shall assume the basic responsibility to place the interest of clients, prospective clients and employers ahead of his own. He shall seek to enhance public confidence in his profession.

The CPA Council will put in place a suitable mechanism to enforce the Code of Ethics and Standards of Professional Conduct.

* Masculine pronouns, used throughout the Code and Standards to simplify sentence structure, shall apply to all persons, regardless of sex.