CA Acting as Statutory Auditor Guilty of Professional Misconduct in not Detecting Wrong Financial Statement in Audit Report: ICAI

By Kalyani B. Nair - On July 31, 2023 5:30 pm - 2 mins read
CA Acting as Statutory Auditor Guilty of Professional Misconduct in - Detecting Wrong Financial Statement in Audit Report - ICAI - TAXSCAN

The Institute of Chartered Accountants of India in a recent ruling observed that Chartered Accountant (CA), acting as statutory auditor guilty of professional misconduct in not detecting wrong financial statement in audit report. The respondent, CA L Janardhan Rao, on behalf of the respondent firm conducted the statutory audit of the CVM Solutions Private Limited (“Complainant…

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