Failure to Request Original Accounting Records Raises Concerns: ICAI Rebukes CA for Neglecting Basic Audit Verification Procedures

The Committee noted the complainant's claim that the original accounting records for FY 2017-18 were with the IRP from March 5, 2018, and received by the complainant in June 2018, raising doubts about the accuracy of the records used by the respondent for the audit
ICAI - Audit Verification Procedures - CA -taxscan

The Institute of Chartered Accountants of India ( ICAI ) reprimanded the CA for neglecting audit verification procedures. The CA failed to request original accounting records from the complainant-CA and refused to cooperate in providing necessary audit evidence, especially regarding Tally software data lost in a fire, raising doubts about compliance with basic audit procedures….

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