Professional Misconduct in Statutory Audit of Seya Industries Limited: NFRA Slaps Rs. 20 Lakh Penalty, debars CA and Firm for 10 Years
The National Financial Reporting Authority imposed a penalty of 20 Lakh Rupees on Chartered Accountant and debarred the CA firm for professional...
Error in Classification of Trade Receivables is not a Gross Negligence: ICAI finds CA Not Guilty of Professional Misconduct [Read Notification]
The Institute of Chartered Accountants of India (ICAI) determined that the Chartered Accountant (CA) is not guilty of any professional misconduct as defined in Items (7) of Part 1 of the Second...
Expression of Opinion in Audit Report Without Sufficient Information is Professional Misconduct: ICAI Reprimands CA along with Fine of Rs 50,000 [Read Order]
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...
![Expression of Opinion in Audit Report Without Sufficient Information is Professional Misconduct: ICAI Reprimands CA along with Fine of Rs 50,000 [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Expression-of-Opinion-in-Audit-Report-Audit-Report-Sufficient-Information-Misconduct-ICAI-taxscan.jpg "Expression of Opinion in Audit Report Without Sufficient Information is Professional Misconduct: ICAI Reprimands CA along with Fine of Rs 50,000 [Read Order]")
Non adherence to RBI Circular Prior to Issue of Audit Report is Professional Misconduct: ICAI Reprimands CA along with Fine of Rs 1 lakh
The Institute of Chartered Accountants of India (ICAI), reprimanded a Chartered Accountant (CA), imposed a fine of Rupees one lakh and held that non-adherence to Reserve Bank of India (RBI) Circular...
Failure to Report Non-Disclosure and Non-Submission of Annual Return under Foreign Regulation Rules is Professional Misconduct: ICAI Reprimands CA
The Institute of Chartered Accountants of India (ICAI), reprimanded a Chartered Accountant (CA), and observed that failure to report non-disclosure and non-submission of annual return under Foreign...
Failure to Verify Scrap Sale Transaction During Audit is Gross Professional Misconduct under CA Act: ICAI imposes 50000 Fine [Read Order]
The Institute of Chartered Accountants of India (ICAI) imposed a 50000 fine on failure to verify scrap sale transactions during an audit is gross professional misconduct under Chartered Accountants...
Non Recognition of Interest Cost on Borrowings as Non-Performing Assets Amounts to Gross Violation of Professional Misconduct: NFRA Imposes 1 Lakh Fine on CA
The National Financial Reporting Authority (NFRA) has held that non-recognition of interest cost on borrowings as non-performing assets amounts to a gross violation of professional misconduct and...
