https://www.taxtmi.com/caselaws?id=440755 A statutory auditor's repeated failures to obtain sufficient audit evidence, assess related party transactions, secure external confirmations, report doubtful debt provisioning, plan the audit, determine materiality, document sampling, and ensure quality control review were treated as breaches of mandatory auditing standards. Those lapses were held to show gross negligence and lack of due diligence in statutory audit duties. NFRA sustained disciplinary action, found professional misconduct proved, and imposed monetary penalty together with temporary debarment from audit engagements. en-us Fri, 28 Apr 2023 00:00:00 +0530 Tue, 25 Jul 2023 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440755 A statutory auditor's repeated failures to obtain sufficient audit evidence, assess related party transactions, secure external confirmations, report doubtful debt provisioning, plan the audit, determine materiality, document sampling, and ensure quality control review were treated as breaches of mandatory auditing standards. Those lapses were held to show gross negligence and lack of due diligence in statutory audit duties. NFRA sustained disciplinary action, found professional misconduct proved, and imposed monetary penalty together with temporary debarment from audit engagements. Case-Laws Companies Law Fri, 28 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440755