NFRA imposes fine and ban on auditors for lapses in SRS Ltd audit: Lessons for auditors on professional conduct

Rashmi , Last updated: 25 April 2023 Share Follow on Google News

The National Financial Reporting Authority (NFRA) in India has imposed a penalty of ₹300,000 on the statutory auditor of now-de-listed company SRS Ltd, along with a three-year ban on taking up statutory or internal audits of any company, for alleged professional misconduct and lapses in the FY18 aud

Daily Limit Reached

You have reached your daily limit of 2 Free Articles

Subscribe to CCI PRO for unlimited access

Why Upgrade to CCI PRO?

No Ads
WhatsApp Broadcasts
Daily E-Newsletter
Unlimited Articles Access

BEST VALUE

2 YEAR PLAN

3,499

(Inclusive of GST)

1 YEAR PLAN

1,999

(Inclusive of GST)

Buy CCI PRO Now

Already a PRO member? Login here for an ad-free experience.

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

3183 Views 1 Likes Comment Share Audit Report

About the Author

Rashmi

business

I am a Chartered Accountant with over 2 decades of experience in Auditing, Taxation, Accounting, Due diligence. I am currently a Managing Partner at RRL Global Services. I can be reached at rrlglobal @ yahoo.com or @ 9811757230

View Articles

Comments

NFRA imposes fine and ban on auditors for lapses in SRS Ltd audit: Lessons for auditors on professional conduct

You have reached your daily limit of 2 Free Articles

Why Upgrade to CCI PRO?

Rashmi

Related Articles

Popular Articles

Trending Online Classes

Browse by Category

Latest Job Openings

CA Articled Trainee And Paid Assistant

Chartered Accountant - GST & Direct Tax

Accounts & Taxation Executive

Chartered Accountant

Semi Qualified CA

Article

Article Assistant

Article Assistant