The Institute of Chartered Accountants of India(ICAI) has held that failure to report material misstatement in financial statements amount to misconduct. CA. Deelipkumar Bhikubhai Desai, the Respondent being Statutory Auditor of M/s Coastal Marine Construction & Engineering Limited (the Company) for the financial year 2014-15 had not made the disclosure in “Notes to Accounts” in…
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