https://www.taxtmi.com/caselaws?id=338377 A chartered accountant must independently verify material balances, confirm disputed figures and ensure audit reports accurately reflect changes in accounts; failure to reconcile inconsistent balances, obtain proper confirmation, or report a material revision in audited figures amounts to professional misconduct. The Delhi High Court affirmed that certifying the complainant's deposit at one figure and later reducing it without a credible factual basis, while also neglecting to check the annexure against the members' register or secure independent confirmation in a known dispute, justified disciplinary action. The court also upheld the sanction of removal from the register for one year as proportionate to the gravity of the misconduct. en-us Wed, 01 Feb 2017 00:00:00 +0530 Fri, 03 Feb 2017 08:38:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338377 A chartered accountant must independently verify material balances, confirm disputed figures and ensure audit reports accurately reflect changes in accounts; failure to reconcile inconsistent balances, obtain proper confirmation, or report a material revision in audited figures amounts to professional misconduct. The Delhi High Court affirmed that certifying the complainant's deposit at one figure and later reducing it without a credible factual basis, while also neglecting to check the annexure against the members' register or secure independent confirmation in a known dispute, justified disciplinary action. The court also upheld the sanction of removal from the register for one year as proportionate to the gravity of the misconduct. Case-Laws Indian Laws Wed, 01 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338377