Chartered accountant held guilty of professional misconduct ...

Accountant penalized for negligent certification without proper verification.

Case Laws Indian Laws

November 27, 2024

Chartered accountant held guilty of professional misconduct under clause (7) of Part I of Second Schedule to the Act for lack of due diligence and gross negligence in issuing utilization certificate without verifying accuracy of figures or seeking supporting documents from client society. Conduct akin to previous cases where certificates issued without examining underlying documents. However, considering long membership and lack of prior misconduct, instead of removing name from register for one year, respondent severely reprimanded u/s 21(6)(b) of the Act. Reference disposed of accordingly.

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Chartered accountant held guilty of professional misconduct ...

Accountant penalized for negligent certification without proper verification.

Case Laws Indian Laws

November 27, 2024

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