NFRA debars Auditors, imposes Rs 50 lakh penalties for lapses in Brightcom, CMIL cases
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The National Financial Reporting Authority (NFRA) has barred auditors of M/s Brightcom Group for up to ten years and imposed heavy monetary penalties on them, citing professional misconduct in auditing the company between FY20 and FY22.
While the audit firm, M/s PCN & Associates, has been prohibited from taking up any audit work for two years, chartered accountant Gopala Krishna Kandula has been barred for ten years, according to a NFRA order on Friday.
In another case NFRA Imposed Monetary Penalty of Rs. 50 Lakkh upon the Audit Firm M/s Krishna Neeraj & Associates and Rs. 10 Lakh Penalty on CA. Krishna K Neeraj and barred for 2 years.
While the audit firm, M/s PCN & Associates, has been prohibited from taking up any audit work for two years, chartered accountant Gopala Krishna Kandula has been barred for ten years, according to a NFRA order on Friday.
In another case NFRA Imposed Monetary Penalty of Rs. 50 Lakkh upon the Audit Firm M/s Krishna Neeraj & Associates and Rs. 10 Lakh Penalty on CA. Krishna K Neeraj and barred for 2 years.
Category : NFRA | Comments : 3 | Hits : 948
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Sunil Kumar Verma
28-Feb-2025 , 01:11:39 amcnbfjsbjs
Sunil Kumar Verma
28-Feb-2025 , 01:11:39 amcnbfjsbjs
Sunil Kumar Verma
28-Feb-2025 , 01:13:28 amcnbfjsbjs