CA and Audit Firm Found Guilty of Misconduct for Lapses in Liability Evaluation and Inventory Verification. https://www.taxtmi.com/highlights?id=72737 Professional Misconduct - Chartered Accountant (CA) - Lapses in evaluation of writing-back of liabilities - Failure in evaluation and attendance at physical verification of Inventory - The contention that they are a small audit firm, cannot be accepted as auditors are duty bound to comply with the requirements of the statutes to safeguard the interest of public. Therefore, in addition to the EP, we hold the Audit Firm also responsible for the lapses discussed. - NFRA en-us Thu, 26 Oct 2023 16:02:41 +0530 Fri, 27 Oct 2023 14:14:27 +0530 TaxTMI RSS Generator CA and Audit Firm Found Guilty of Misconduct for Lapses in Liability Evaluation and Inventory Verification. https://www.taxtmi.com/highlights?id=72737 Professional Misconduct - Chartered Accountant (CA) - Lapses in evaluation of writing-back of liabilities - Failure in evaluation and attendance at physical verification of Inventory - The contention that they are a small audit firm, cannot be accepted as auditors are duty bound to comply with the requirements of the statutes to safeguard the interest of public. Therefore, in addition to the EP, we hold the Audit Firm also responsible for the lapses discussed. - NFRA Highlights Companies Law Thu, 26 Oct 2023 16:02:41 +0530 https://www.taxtmi.com/highlights?id=72737