https://www.taxtmi.com/caselaws?id=441281 The Engagement Partner (EP) was found to have accepted an audit engagement without valid authorization, violated Standards on Auditing (SAs), and engaged in professional misconduct. The EP's actions displayed negligence and lack of due diligence, leading to penalties including a monetary fine and a one-year debarment from audit appointments. The EP was directed to undergo further training on SAs to enhance audit proficiency. en-us Thu, 13 Apr 2023 00:00:00 +0530 Fri, 04 Aug 2023 12:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441281 The Engagement Partner (EP) was found to have accepted an audit engagement without valid authorization, violated Standards on Auditing (SAs), and engaged in professional misconduct. The EP's actions displayed negligence and lack of due diligence, leading to penalties including a monetary fine and a one-year debarment from audit appointments. The EP was directed to undergo further training on SAs to enhance audit proficiency. Case-Laws Companies Law Thu, 13 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441281