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Auditors Found Guilty of Professional Misconduct for Failing to Investigate Detrimental Book Entries in Company Accounts.

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....Professional misconduct - default of audit party - Chartered Accountants - The obligation of the auditor concerning transactions which are merely book entries was highlighted i.e. the duty of the auditor to enquire whether the transactions were prejudicial to the interest of the company being not discharged by the auditors - respondent is guilty of committing professional misconduct - HC....

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