Empanelment of CA Firm for Stock Audit of UCO Bank

Code of Conduct for Stock Auditors

Stock Auditors empaneled with the Bank shall strictly abide by the following code of conduct prescribed and as amended by the Bank from time to time and shall give an undertaking to this effect at the time of his/its empanelment. The same is incorporated in the enclosed format of Declaration-cum-Undertaking in Annexure-3.

• To express an opinion only when it is founded on adequate knowledge and honest conviction.
• To refrain from misrepresenting qualifications, work experience and membership of professional bodies.
• To treat all information procured during the course of the business as confidential.
• To observe integrity and fair play in the practice of the profession.
• To refrain from undertaking to review the work of another stock auditor of the same client except under written orders from the Bank and with knowledge of the concerned stock auditor.
• To give unbiased audit report conforming to standards and conforming to the objective opinion of the business and not to attempt merely to accommodate the interests of the client.
• To steer clear of situations where interests and duty clash.
• To conduct himself/itself/themselves in such a manner that will not prejudice the professional status or reputation of the profession.
• To follow this Code as amended or revised by the Bank time to time.

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