https://www.taxtmi.com/caselaws?id=235367 A chartered accountant who certifies audit statements without proper verification of books, trial balance, or third-party confirmations acts without the reasonable professional skill and care expected of the profession. Where the balance sheet and profit and loss account contain material discrepancies, such perfunctory certification is treated as gross negligence and omission, not a mere clerical lapse. The disciplinary provisions of the Chartered Accountants Act, 1949 therefore apply, and professional misconduct is established when incorrect audit statements are signed despite inadequate checking. On that basis, severe reprimand is an appropriate sanction. en-us Tue, 16 Jul 2013 00:00:00 +0530 Sat, 20 Jul 2013 14:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235367 A chartered accountant who certifies audit statements without proper verification of books, trial balance, or third-party confirmations acts without the reasonable professional skill and care expected of the profession. Where the balance sheet and profit and loss account contain material discrepancies, such perfunctory certification is treated as gross negligence and omission, not a mere clerical lapse. The disciplinary provisions of the Chartered Accountants Act, 1949 therefore apply, and professional misconduct is established when incorrect audit statements are signed despite inadequate checking. On that basis, severe reprimand is an appropriate sanction. Case-Laws Indian Laws Tue, 16 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235367