As the members are aware, the Institute has a Board namely, the Ethical Standards Board (ESB) to examine various issues of professional ethics and to address the grievances of unjustified removal of auditors.

Recently, while discussing the existing procedure for dealing with the cases of unjustified removal of auditors, the Council extended the power and scope of functioning of the Board. As per the additional power, the Board has been authorised to consider the case of unjustified removal/non-reappointment of an inconvenient auditor due to his alleged qualificatory remarks/queries.

In this regard, an announcement has been published in the December 2002 issue of the Institute’s Journal, ‘The Chartered Accountant’.

To standardize and expedite the filling of the complaint before the Board, the form of the complaint and the list of enclosures to be submitted along with the Complaint/Statement of Reasons have been approved.