Material misstatement
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 February 2015
If an auditor fails to disclose or discloses erroneous information in the published financial statements, would it constitute professional misconduct of the auditor implying material misstatements in the financial statements? Also if an auditor fails to provide certain information in one year but discloses in subsequent year or vice versa,would it constitute professional misconduct of the auditor implying material misstatements in the financial statements?
Thanks in advance.
Thanks in advance.
11 February 2015
the ans to both question is yes and refer sch i and ii to chartered accountant act 1949
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Unregistered suppliers utility
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- ITDS U/S.194T of Firm
- Difference between Date of Payment and Date of Deduction?
- GST Rate for Catering Services
- The TDS balance for March 26 shows a mismatch between the books and the portal; what should be done
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- Same demand raised for original as well as rectification request return
- Sale of property held jointly with a non resident Indian
- NRI starting business in India
- GST not cancelled by tenant
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
