Saturday, October 15, 2016

Home Corporate and Allied laws CA held guilty of professional misconduct for non-detection of fraud in concurrent audit : HC

CA held guilty of professional misconduct for non-detection of fraud in concurrent audit : HC

The High Court of Delhi held that where respondentChartered Accountant did not detect fraudulent transactions in bank of which he was concurrent auditor, respondent was guilty of misconduct contemplated by clause (7) of Part 1 of Second Schedule, read with sections 21 and 22.

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