https://www.taxtmi.com/highlights?id=77564 Professional misconduct - Debarment from being appointed as an auditor or internal auditor or from undertaking any audit - levy of penalty - The court observed that the audit committee's conclusion was based solely on EP's presentation, which ruled out fraud reported by PW. The management used PHD's work as a disclosure in the financial statements, which were then audited by PHD, amounting to self-review. The court found no ground to grant any interim relief at this stage and rejected the applications for interim direction. en-us Mon, 20 May 2024 08:32:01 +0530 Mon, 20 May 2024 08:32:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=77564 Professional misconduct - Debarment from being appointed as an auditor or internal auditor or from undertaking any audit - levy of penalty - The court observed that the audit committee's conclusion was based solely on EP's presentation, which ruled out fraud reported by PW. The management used PHD's work as a disclosure in the financial statements, which were then audited by PHD, amounting to self-review. The court found no ground to grant any interim relief at this stage and rejected the applications for interim direction. Highlights Companies Law Mon, 20 May 2024 08:32:01 +0530 https://www.taxtmi.com/highlights?id=77564