https://www.taxtmi.com/caselaws?id=193040 An auditor commits professional misconduct where he signs accounts knowing they are misleading unless a material fact is disclosed. Here, the accounts showed cash in hand without revealing that part of the amount consisted of uncashed cheques and that advances to the employer had been made in breach of the provident fund rules. The auditor's duty extended beyond the appointing body to the subscribers and beneficiaries whose interests the audit was intended to protect. Disclosure to the employer alone was insufficient. The omission to state the true character of the transactions therefore amounted to professional misconduct under clause (o) of the Schedule to the Chartered Accountants Act, 1949. en-us Mon, 26 Feb 1968 00:00:00 +0530 Mon, 10 Jul 2017 18:01:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193040 An auditor commits professional misconduct where he signs accounts knowing they are misleading unless a material fact is disclosed. Here, the accounts showed cash in hand without revealing that part of the amount consisted of uncashed cheques and that advances to the employer had been made in breach of the provident fund rules. The auditor's duty extended beyond the appointing body to the subscribers and beneficiaries whose interests the audit was intended to protect. Disclosure to the employer alone was insufficient. The omission to state the true character of the transactions therefore amounted to professional misconduct under clause (o) of the Schedule to the Chartered Accountants Act, 1949. Case-Laws Indian Laws Mon, 26 Feb 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193040