Professional Misconduct in Statutory Audit of Seya Industries Limited: NFRA Slaps Rs. 20 Lakh Penalty, debars CA and Firm for 10 Years

NFRA slaps ban on Seya Industries Auditor CA and Firm for professional misconduct

By Manu Sharma - On January 11, 2024 5:32 pm - 2 mins read

Seya Industries audit - Professional misconduct case - Statutory audit violations - Audit ethics violation - NFRA - TAXSCAN

The National Financial Reporting Authority imposed a penalty of 20 Lakh Rupees on Chartered Accountant and debarred the CA firm for professional misconduct of Engaging Partner (EP) in statutory audit of Seya Industries Limited. The National Financial Reporting Authority (NFRA) had initiated investigation into the professional conduct of statutory auditors of Seya Industries Limited, Mumbai,…

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