https://www.taxtmi.com/caselaws?id=447566 The text states that the professional misconduct regime can be applied to conduct occurring before the regulator's establishment because the underlying obligations already existed and the later forum only provided a mechanism to examine that conduct. It also states that an auditor who continues an audit despite a disqualifying financial interest through a family-owned entity breaches independence requirements. Where audit qualifications are material and pervasive, a qualified opinion is said to be inappropriate, and the proper response would be an adverse opinion or disclaimer. The conduct is described as lack of due diligence, gross negligence, and professional misconduct. en-us Wed, 20 Dec 2023 00:00:00 +0530 Fri, 29 Dec 2023 18:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447566 The text states that the professional misconduct regime can be applied to conduct occurring before the regulator's establishment because the underlying obligations already existed and the later forum only provided a mechanism to examine that conduct. It also states that an auditor who continues an audit despite a disqualifying financial interest through a family-owned entity breaches independence requirements. Where audit qualifications are material and pervasive, a qualified opinion is said to be inappropriate, and the proper response would be an adverse opinion or disclaimer. The conduct is described as lack of due diligence, gross negligence, and professional misconduct. Case-Laws Companies Law Wed, 20 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447566