https://www.taxtmi.com/caselaws?id=440755 The case involved various failures in auditing practices by the Engagement Partner (EP), leading to findings of professional misconduct. The EP was found guilty of gross negligence and lack of due diligence, resulting in a monetary penalty of INR 2,00,000 and a two-year debarment from acting as an auditor or undertaking any audit work. The EP's violations of auditing standards and failure to comply with professional obligations led to significant penalties and sanctions being imposed. 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 The case involved various failures in auditing practices by the Engagement Partner (EP), leading to findings of professional misconduct. The EP was found guilty of gross negligence and lack of due diligence, resulting in a monetary penalty of INR 2,00,000 and a two-year debarment from acting as an auditor or undertaking any audit work. The EP's violations of auditing standards and failure to comply with professional obligations led to significant penalties and sanctions being imposed. Case-Laws Companies Law Fri, 28 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440755