https://www.taxtmi.com/caselaws?id=311110 A chartered accountant is not guilty of professional misconduct merely because an audit opinion is erroneous, incomplete, or affected by interpretational issues; misconduct requires material showing deliberate lapse or mala fide intent to mislead or defraud. The High Court found that the alleged audit deficiencies did not establish conscious wrongdoing, accepted the respondent's explanations, and held that the disciplinary record had proceeded mechanically. On that basis, the allegations were not proved and the proposed removal from the register of members was unjustified. en-us Wed, 03 Sep 2014 00:00:00 +0530 Sat, 09 Dec 2023 08:56:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311110 A chartered accountant is not guilty of professional misconduct merely because an audit opinion is erroneous, incomplete, or affected by interpretational issues; misconduct requires material showing deliberate lapse or mala fide intent to mislead or defraud. The High Court found that the alleged audit deficiencies did not establish conscious wrongdoing, accepted the respondent's explanations, and held that the disciplinary record had proceeded mechanically. On that basis, the allegations were not proved and the proposed removal from the register of members was unjustified. Case-Laws Indian Laws Wed, 03 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311110