Audit Misconduct: NFRA debars CAs from Audits, slaps Rs. 4.5 Cr Penalty [Read Order]
Former Reliance Capital Auditor Faces Action for Lapses and Ignoring Fraud Red Flags
By Manu Sharma - On April 15, 2024 1:48 pm - 2 mins read
The National Financial Reporting Authority (NFRA) has taken strict action against Pathak HD & Associates (PHD), a former joint auditor for Reliance Capital, along with two of its chartered accountants. This follows the identification of numerous lapses in their audit work and a failure to report suspected fraud. The action stems from concerns raised by…
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