Professional Misconduct in Audit of Cafe Coffee Day: NFRA slaps Penalty on Statutory Auditor and Chartered Accountant [Read Order]

The investigation into CDEL was started based on the information from the market regulator in 2022
Cafe coffee day - audit misconduct Cafe Coffee Day - NFRA action on Cafe Coffee Day auditors - Audit misconduct - taxscan

Recently, the National Financial Reporting Authority ( NFRA ) slapped a penalty of Rs 2 crore on the statutory auditor and Rs 15 lakh on two chartered accountants for professional misconduct in the audit of Cafe Coffee Day. The authority debarred the two chartered accountants involved in the audit for a period of 10 years…

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