Expression of Opinion in Audit Report Without Sufficient Information is Professional Misconduct: ICAI Reprimands CA along with Fine of Rs 50,000 [Read Order]

Expression of Opinion in Audit Report - Audit Report - Sufficient Information - Misconduct - ICAI - taxscan

The Institute of Chartered Accountants of India (ICAI) reprimanded a Chartered Accountant (CA), imposed a fine of Rupees 50,000 and observed that expression of opinion in audit report without sufficient information is professional misconduct. In the investigation report, it was held that the Respondent who was the statutory auditor of Vamshi Chemicals Ltd. for the…

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