https://www.taxtmi.com/caselaws?id=465028 A concurrent auditor's failure to exercise due diligence in bank audit work, including escrow account operations, cheque purchases, temporary overdrafts, audit reporting and margin requirements, was treated as gross negligence in the discharge of professional duties. On the evidence collected in inquiry, the disciplinary findings were treated as concurrent findings of fact and were not to be disturbed absent proof that they were unjust, unwarranted or contrary to law. The conduct was held to amount to professional misconduct under the Chartered Accountants Act, and the recommended penalty of removal from the register for six months was accepted. en-us Fri, 13 Dec 2013 00:00:00 +0530 Sat, 28 Mar 2026 12:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465028 A concurrent auditor's failure to exercise due diligence in bank audit work, including escrow account operations, cheque purchases, temporary overdrafts, audit reporting and margin requirements, was treated as gross negligence in the discharge of professional duties. On the evidence collected in inquiry, the disciplinary findings were treated as concurrent findings of fact and were not to be disturbed absent proof that they were unjust, unwarranted or contrary to law. The conduct was held to amount to professional misconduct under the Chartered Accountants Act, and the recommended penalty of removal from the register for six months was accepted. Case-Laws Indian Laws Fri, 13 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465028