https://www.taxtmi.com/caselaws?id=440972 The auditors were found to have major lapses in the audit, including failures related to related party transactions, credit risk exposures, non-consolidation of subsidiaries, audit evidence, impairment testing, inventory audit, and more. The audit firm also had quality control issues. The auditors were charged with professional misconduct for various violations, leading to penalties such as monetary fines and debarment from certain auditing roles. The audit firm also faced penalties for professional misconduct. en-us Wed, 28 Jun 2023 00:00:00 +0530 Sun, 30 Jul 2023 18:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440972 The auditors were found to have major lapses in the audit, including failures related to related party transactions, credit risk exposures, non-consolidation of subsidiaries, audit evidence, impairment testing, inventory audit, and more. The audit firm also had quality control issues. The auditors were charged with professional misconduct for various violations, leading to penalties such as monetary fines and debarment from certain auditing roles. The audit firm also faced penalties for professional misconduct. Case-Laws Companies Law Wed, 28 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440972