https://www.taxtmi.com/caselaws?id=441281 A branch auditor must verify that the appointment complies with the Companies Act before accepting the engagement, and failure to do so can amount to professional misconduct under the Chartered Accountants Act and ethical rules. The audit also requires contemporaneous compliance with the applicable Standards on Auditing, including proper documentation, engagement terms, risk assessment, materiality, audit evidence, analytical procedures, and reporting. Deficiencies in the audit file and post facto supplementation cannot cure non-compliance. The stated position is that both invalid appointment verification failures and audit-performance deficiencies establish professional misconduct and may justify debarment and monetary penalty. 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 A branch auditor must verify that the appointment complies with the Companies Act before accepting the engagement, and failure to do so can amount to professional misconduct under the Chartered Accountants Act and ethical rules. The audit also requires contemporaneous compliance with the applicable Standards on Auditing, including proper documentation, engagement terms, risk assessment, materiality, audit evidence, analytical procedures, and reporting. Deficiencies in the audit file and post facto supplementation cannot cure non-compliance. The stated position is that both invalid appointment verification failures and audit-performance deficiencies establish professional misconduct and may justify debarment and monetary penalty. Case-Laws Companies Law Thu, 13 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441281