https://www.taxtmi.com/caselaws?id=762648 NFRA found a CA guilty of professional misconduct for failing to comply with Chartered Accountants Act 1949, ICAI Code of Ethics 2009, and Standards on Auditing while conducting statutory branch audit. The CA was grossly negligent by not adhering to SA requirements despite claiming compliance in audit reports, failed to ensure proper examination of financial statements, and lacked due diligence. Under Section 132(4) of Companies Act 2013, NFRA imposed monetary penalty of Rs. 1 lakh and debarred the CA for one year from audit appointments. en-us Fri, 21 Jun 2024 00:00:00 +0530 Thu, 05 Dec 2024 08:37:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762648 NFRA found a CA guilty of professional misconduct for failing to comply with Chartered Accountants Act 1949, ICAI Code of Ethics 2009, and Standards on Auditing while conducting statutory branch audit. The CA was grossly negligent by not adhering to SA requirements despite claiming compliance in audit reports, failed to ensure proper examination of financial statements, and lacked due diligence. Under Section 132(4) of Companies Act 2013, NFRA imposed monetary penalty of Rs. 1 lakh and debarred the CA for one year from audit appointments. Case-Laws Companies Law Fri, 21 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762648