Under Section 28 of the Accountants Act, a member of the institute is guilty of professional misconduct if:
• He allows any person to practice in his name of an accountant unless such person is an holder of practicing certificate or is in partnership with or is employed him.
• He enters for the purpose of or in the course of practicing as an accountant into partnership with a person who does not hold a practicing certificate or secures any professional business through the services of such a person or means not open to an accountant.
• He certifies or submits in his name or in the name of his firm a report of an examination of financial statements and examination of such statements and the related records have not been made him or a partner or an employees in his form.
• He permits his name or the name of his firm to be used in connection with an estimate of earnings contigent upon future transactions in a manner which may lead to the belief that he vouches for the accuracy of the forecast.
He includes in any statements return of firms to be submitted to the council any particular knowing it to be false.
• He is guilty of gross negligence.