Judgement

ICAI penalised a CA for professional misconduct after he accepted an audit assignment without informing the existing auditor and despite pending audit fees.

ICAI Holds CA Guilty Under Clause (8) for Accepting Audit Without Informing Previous Auditor; Penalty Imposed

The ICAI Disciplinary Committee concluded that the respondent had certified Form DIR 12 without exercising due diligence.

ICAI Reprimands CA for Appointing New Directors Without Obtaining Consent from Existing Directors

ICAI has reprimanded CA for professional misconduct in the audit of the company after discrepancies in customer advances and turnover were flagged by the RBI.

ICAI Reprimands CA for Audit Lapses in ‘Customer Advances’ Case; Held Guilty for Professional Misconduct

The ICAI Disciplinary Committee noted that the Respondent did not take proper care to verify that the requirements of Section 103 of the Companies Act were properly complied with.

ICAI Reprimands CA for Improper Certification of Form DIR-12 Without Board Resolution

Disciplinary Committee holds statutory auditor guilty of “Other Misconduct” for withdrawing Rs. 43.75 lakh at director’s request

ICAI Reprimands CA for Cash Withdrawals from Client’s Bank Account During Audit Tenure

Articles

From 1st April 2026, the UDIN portal will introduce a ceiling on the number of UDINs that can be generated.

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ICAI Holds CA Guilty Under Clause (8) for Accepting Audit Without Informing Previous Auditor; Penalty Imposed

ICAI Reprimands CA for Appointing New Directors Without Obtaining Consent from Existing Directors

ICAI Reprimands CA for Audit Lapses in ‘Customer Advances’ Case; Held Guilty for Professional Misconduct

ICAI Reprimands CA for Improper Certification of Form DIR-12 Without Board Resolution

ICAI Reprimands CA for Cash Withdrawals from Client’s Bank Account During Audit Tenure

ICAI Introduces UDIN Limit for Tax Audits and Field-Level Validation