| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 41 |
|
D.N.CHATURVEDI
(M.No.:012840)
|
|
|
ACCEPTED AUDIT ENGAGEMENT WITHOUT VALID AUTHORIZATION AND WITHOUT COMPLYING WITH ETHICAL REQUIREMENTS AND ISSUED AUDIT REPORT WITHOUT VALID APPOINTMENT AS PER THE CHARTERED ACCOUNTS ACT, 1949 IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
DID NOT ADHERE TO AUDIT DOCUMENTATION VIOLATING STANDARDS OF AUDITING IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
DID NOT ADHERE TO PROFESSIONAL SKEPTICISM AND PROFESSIONAL JUDGEMENT IN UNDERSTANDING THE OBJECTIVE AND SCOPE OF AUDIT VIOLATING OF STATUTORY AUDITOR 200 IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
DID NOT ADHERE TO STANDARD OF ACCOUNTING FOR FORMING OPINION AND REPORTING ON FINANCIAL STATEMENTS VIOLATING STANDARDS OF AUDITING IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
DID NOT ADHERE TO STANDARDS ON AUDITING VIOLATING CHARTERED ACCOUNTS ACT, 1949 IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
ISSUED AUDIT REPORT WITHOUT COMPLYING WITH REQUIREMENTS OF STANDARDS OF AUDITING IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
|
IMPOSED PENALTY RS.1,00,000
DEBARRED FROM BEING APPOINTED AS AUDITOR OR INTERNAL AUDITOR OR UNDERTAKING ANY AUDIT IN RESPECT OF FINANCIAL STATEMENTS OR INTERNAL AUDIT OF FUNCTIONS AND ACTIVITIES OF ANY COMPANY OR BODY CORPORATE FROM 29-OCT-2023 TO 28-OCT-2024
29-SEP-2023
|
|
| 42 |
|
|
DASARATY V.
(M.No.:026336)
|
|
|
ACCEPTED AUDIT ENGAGEMENT AS STATUTORY AUDITOR OF COFFEE DAY ENTERPRISES LTD. WITHOUT PERFORMING MANDATORY AUDIT PROCEDURES AND WITHOUT FIRST COMMUNICATING WITH RESIGNING AUDITOR
DID NOT EXERCISE DUE DILIGENCE AND BEING GROSSLY NEGLIGENT IN PREPARATION OF INDEPENDENT AUDITOR’S REPORT
DID NOT EXERCISE PROFESSIONAL SKEPTICISM & JUDGEMENT TO IDENTIFY AND ASSESS FRAUD RISK RAISED DUE TO DIVERSION OF RS.3,535.00 CRORE TO MYSORE AMALGAMATED COFFEE ESTATE LTD., EVERGREENING OF LOANS THROUGH CIRCULATION OF FUNDS AND DIVERSION OF RS.245 CRORES TO OTHER PARTIES IN THE NAME OF LAND ADVANCES
DID NOT PERFORM ROLE OF ENGAGEMENT QUALITY CONTROL REVIEW (EQCR) OBJECTIVELY
DID NOT REPORT FRAUDULENT DIVERSION OF FUNDS TO CENTRAL GOVERNMENT
|
DEBARRED FROM BEING APPOINTED AS AUDITOR OR INTERNAL AUDITOR OR UNDERTAKING ANY AUDIT IN RESPECT OF FINANCIAL STATEMENTS OR INTERNAL AUDIT OF FUNCTIONS AND ACTIVITIES OF ANY COMPANY OR BODY CORPORATE FROM 10-NOV-2024 TO 09-NOV-2034
IMPOSED PENALTY RS.10,00,000
10-OCT-2024
|
|
| 43 |
|
|
DELOITTE HASKINS & SELLS LLP
(M.No.:117366W)
|
|
|
DID NOT EXAMINE AND REPORT MATTER OF PREMATURELY CLOSURE OF FIXED DEPOSIT AS SECURITY FOR LOANS AND REPAY LOANS OF RELATED PARTIES OF PROMOTER THE GROUP ENTITIES WITHOUT APPROVAL OF AUDIT COMMITTEE, BOARD AND SHAREHOLDERS
|
IMPOSED PENALTY RS.2,00,00,000
23-DEC-2024
|
|
| 44 |
|
|
DESIKAN G.
(M.No.:219101)
|
|
|
ACCEPTED AUDIT ENGAGEMENT AS STATUTORY AUDITOR OF COFFEE DAY ENTERPRISES LTD. WITHOUT PERFORMING MANDATORY AUDIT PROCEDURES AND WITHOUT FIRST COMMUNICATING WITH RESIGNING AUDITOR
DID NOT EXERCISE DUE DILIGENCE AND BEING GROSSLY NEGLIGENT IN PREPARATION OF INDEPENDENT AUDITOR’S REPORT
DID NOT EXERCISE PROFESSIONAL SKEPTICISM & JUDGEMENT TO IDENTIFY AND ASSESS FRAUD RISK RAISED DUE TO DIVERSION OF RS.3,535.00 CRORE TO MYSORE AMALGAMATED COFFEE ESTATE LTD., EVERGREENING OF LOANS THROUGH CIRCULATION OF FUNDS AND DIVERSION OF RS.245 CRORES TO OTHER PARTIES IN THE NAME OF LAND ADVANCES
DID NOT PERFORM ROLE OF ENGAGEMENT QUALITY CONTROL REVIEW (EQCR) OBJECTIVELY
DID NOT REPORT FRAUDULENT DIVERSION OF FUNDS TO CENTRAL GOVERNMENT
|
DEBARRED FROM BEING APPOINTED AS AUDITOR OR INTERNAL AUDITOR OR UNDERTAKING ANY AUDIT IN RESPECT OF FINANCIAL STATEMENTS OR INTERNAL AUDIT OF FUNCTIONS AND ACTIVITIES OF ANY COMPANY OR BODY CORPORATE FROM 10-NOV-2024 TO 09-NOV-2029
IMPOSED PENALTY RS.5,00,000
10-OCT-2024
|
|
| 45 |
|
|
DHIRAJ & DHEERAJ
(M.No.:102454W)
|
|
|
ACCEPTED AUDIT ENGAGEMENT BEFORE COMMUNICATION WITH PRICE WATERHOUSE & CO.CHARTERED ACCOUNTS LLP AND WITHOUT WAITING FOR A REASONABLE TIME TO RESPOND TO THE COMMUNICATION
DID NOT CARRY OUT ADEQUATE AUDIT PROCEDURES
DID NOT NOTICE DEFICIENCIES IN THE INTERNAL CONTROLS OVER EXPECTED CREDIT LOSS (ECL) ON THE LOANS ETC.FINANCIAL ASSETS
DID NOT OBTAIN SUFFICIENT APPROPRIATE AUDIT EVIDENCE REGARDING ENTITY’S ABILITY TO CONTINUE AS GOING CONCERN
DID NOT OBTAIN SUFFICIENT APPROPRIATE AUDIT EVIDENCE TO SUPPORT THE MATTERS REPORTED BY PRICE WATERHOUSE & CO. CHARTERED ACCOUNTS LLP TO THE GOVERNMENT
DID NOT PERFORM ROLE OF ENGAGEMENT QUALITY CONTROL REVIEW (EQCR) OBJECTIVELY
|
IMPOSED PENALTY RS.1,00,00,000
26-APR-2024
|
|
| 46 |
|
|
DHIRAJ & DHEERAJ
(M.No.:102454W)
|
|
|
|
PIYUSH PATNI
(M.No.:143869)
|
|
ACCEPTED AUDIT ENGAGEMENT BEFORE COMMUNICATION WITH PRICE WATERHOUSE & CO.CHARTERED ACCOUNTS LLP AND WITHOUT WAITING FOR A REASONABLE TIME TO RESPOND TO THE COMMUNICATION
DID NOT CARRY OUT ADEQUATE AUDIT PROCEDURES
DID NOT NOTICE DEFICIENCIES IN THE INTERNAL CONTROLS OVER EXPECTED CREDIT LOSS (ECL) ON THE LOANS ETC.FINANCIAL ASSETS
DID NOT OBTAIN SUFFICIENT APPROPRIATE AUDIT EVIDENCE REGARDING ENTITY’S ABILITY TO CONTINUE AS GOING CONCERN
DID NOT OBTAIN SUFFICIENT APPROPRIATE AUDIT EVIDENCE TO SUPPORT THE MATTERS REPORTED BY PRICE WATERHOUSE & CO. CHARTERED ACCOUNTS LLP TO THE GOVERNMENT
DID NOT PERFORM ROLE OF ENGAGEMENT QUALITY CONTROL REVIEW (EQCR) OBJECTIVELY
|
DEBARRED FROM BEING APPOINTED AS AUDITOR OR INTERNAL AUDITOR OR UNDERTAKING ANY AUDIT IN RESPECT OF FINANCIAL STATEMENTS OR INTERNAL AUDIT OF FUNCTIONS AND ACTIVITIES OF ANY COMPANY OR BODY CORPORATE FROM 26-MAY-2024 TO 25-MAY-2029
IMPOSED PENALTY RS.50,00,000
26-APR-2024
|
|
| 47 |
|
|
DHIRAJ & DHEERAJ
(M.No.:102454W)
|
|
|
|
PAWAN KUMAR GUPTA
(M.No.:051713)
|
|
ACCEPTED AUDIT ENGAGEMENT BEFORE COMMUNICATION WITH PRICE WATERHOUSE & CO.CHARTERED ACCOUNTS LLP AND WITHOUT WAITING FOR A REASONABLE TIME TO RESPOND TO THE COMMUNICATION
DID NOT CARRY OUT ADEQUATE AUDIT PROCEDURES
DID NOT NOTICE DEFICIENCIES IN THE INTERNAL CONTROLS OVER EXPECTED CREDIT LOSS (ECL) ON THE LOANS ETC.FINANCIAL ASSETS
DID NOT OBTAIN SUFFICIENT APPROPRIATE AUDIT EVIDENCE REGARDING ENTITY’S ABILITY TO CONTINUE AS GOING CONCERN
DID NOT OBTAIN SUFFICIENT APPROPRIATE AUDIT EVIDENCE TO SUPPORT THE MATTERS REPORTED BY PRICE WATERHOUSE & CO. CHARTERED ACCOUNTS LLP TO THE GOVERNMENT
DID NOT PERFORM ROLE OF ENGAGEMENT QUALITY CONTROL REVIEW (EQCR) OBJECTIVELY
|
DEBARRED FROM BEING APPOINTED AS AUDITOR OR INTERNAL AUDITOR OR UNDERTAKING ANY AUDIT IN RESPECT OF FINANCIAL STATEMENTS OR INTERNAL AUDIT OF FUNCTIONS AND ACTIVITIES OF ANY COMPANY OR BODY CORPORATE FROM 26-MAY-2024 TO 25-MAY-2027
IMPOSED PENALTY RS.10,00,000
26-APR-2024
|
|
| 48 |
|
|
DHIRAJ PARASMAL JAIN
(M.No.:144738)
|
|
|
ACCEPTED AUDIT ENGAGEMENT WITHOUT VALID AUTHORIZATION AND WITHOUT COMPLYING WITH ETHICAL REQUIREMENTS AND ISSUED AUDIT REPORT WITHOUT VALID APPOINTMENT AS PER THE CHARTERED ACCOUNTS ACT, 1949 IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
DID NOT ADHERE TO AUDIT DOCUMENTATION VIOLATING STANDARDS OF AUDITING IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
DID NOT ADHERE TO PROFESSIONAL SKEPTICISM AND PROFESSIONAL JUDGEMENT IN UNDERSTANDING THE OBJECTIVE AND SCOPE OF AUDIT VIOLATING OF STATUTORY AUDITOR 200 IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
DID NOT ADHERE TO STANDARD OF ACCOUNTING FOR FORMING OPINION AND REPORTING ON FINANCIAL STATEMENTS VIOLATING STANDARDS OF AUDITING IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
DID NOT ADHERE TO STANDARDS ON AUDITING VIOLATING CHARTERED ACCOUNTS ACT, 1949 IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
ISSUED AUDIT REPORT WITHOUT COMPLYING WITH REQUIREMENTS OF STANDARDS OF AUDITING IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
|
IMPOSED PENALTY RS.1,00,000
DEBARRED FROM BEING APPOINTED AS AUDITOR OR INTERNAL AUDITOR OR UNDERTAKING ANY AUDIT IN RESPECT OF FINANCIAL STATEMENTS OR INTERNAL AUDIT OF FUNCTIONS AND ACTIVITIES OF ANY COMPANY OR BODY CORPORATE FROM 29-OCT-2023 TO 28-APR-2024
29-SEP-2023
|
|
| 49 |
|
|
G.BASU & CO.
(M.No.:301174E)
|
|
|
|
GAUTAM GUHA
|
|
DID NOT DETERMINE MATERIALITY AND PERFORMANCE MATERIALITY IN STATUTORY AUDIT VIOLATING STANDARDS ON AUDITING 320 IN MATTER OF NICCOUCO ALLIANCE CREDIT LTD.
DID NOT REPORT MISMATCH IN INVESTMENT SCHEDULE IN FINANCIAL STATEMENTS IN MATTER OF NICCOUCO ALLIANCE CREDIT LTD.
DID NOT REPORT THAT DEPRECIATION SCHEDULE DID NOT MENTION ADJUSTMENT/ADDITIONS/DEDUCTIONS IN GROSS BLOCK AND DEPRECIATION FOR PREVIOUS YEAR 2014-15 IN MATTER OF NICCOUCO ALLIANCE CREDIT LTD.
DID NOT REPORT BREAKUP OF TRADE RECEIVABLES OF RS.2.95 CRORE INTO OUTSTANDING AMOUNT OF MORE THAN SIX MONTHS AND LESS THAN SIX MONTHS IN MATTER OF NICCOUCO ALLIANCE CREDIT LTD.
DID NOT REPORT IMPROPER ACCOUNTING OF ASSETS GIVEN ON FINANCE LEASE IN MATTER OF NICCOUCO ALLIANCE CREDIT LTD.
MADE INCORRECT REPORTING OF OUTSTANDING LIABILITY ARISING OUT OF FOREIGN CURRENCY LOAN IN MATTER OF NICCOUCO ALLIANCE CREDIT LTD.
|
IMPOSED PENALTY RS.1,00,000
12-JUN-2023
|
|
| 50 |
|
|
GAUTAM GUHA
|
|
|
DID NOT DETERMINE MATERIALITY AND PERFORMANCE MATERIALITY IN STATUTORY AUDIT VIOLATING STANDARDS ON AUDITING 320 IN MATTER OF NICCOUCO ALLIANCE CREDIT LTD.
DID NOT REPORT MISMATCH IN INVESTMENT SCHEDULE IN FINANCIAL STATEMENTS IN MATTER OF NICCOUCO ALLIANCE CREDIT LTD.
DID NOT REPORT THAT DEPRECIATION SCHEDULE DID NOT MENTION ADJUSTMENT/ADDITIONS/DEDUCTIONS IN GROSS BLOCK AND DEPRECIATION FOR PREVIOUS YEAR 2014-15 IN MATTER OF NICCOUCO ALLIANCE CREDIT LTD.
DID NOT REPORT BREAKUP OF TRADE RECEIVABLES OF RS.2.95 CRORE INTO OUTSTANDING AMOUNT OF MORE THAN SIX MONTHS AND LESS THAN SIX MONTHS IN MATTER OF NICCOUCO ALLIANCE CREDIT LTD.
DID NOT REPORT IMPROPER ACCOUNTING OF ASSETS GIVEN ON FINANCE LEASE IN MATTER OF NICCOUCO ALLIANCE CREDIT LTD.
MADE INCORRECT REPORTING OF OUTSTANDING LIABILITY ARISING OUT OF FOREIGN CURRENCY LOAN IN MATTER OF NICCOUCO ALLIANCE CREDIT LTD.
|
IMPOSED PENALTY RS.1,00,000
12-JUN-2023
|
|
| 51 |
|
|
GOPALA KRISHNA KANDULA
(M.No.:203605)
|
|
|
DID NOT SUBMIT REQUISITE INFORMATION AND DID NOT CO-OPERATE WITH NFRA
|
DEBARRED FROM BEING APPOINTED AS AUDITOR OR INTERNAL AUDITOR OR UNDERTAKING ANY AUDIT IN RESPECT OF FINANCIAL STATEMENTS OR INTERNAL AUDIT OF FUNCTIONS AND ACTIVITIES OF ANY COMPANY OR BODY CORPORATE FROM 26-MAY-2024 TO 25-MAY-2034
IMPOSED PENALTY RS.30,00,000
26-APR-2024
|
|
| 52 |
|
|
GSV & CO.
(M.No.:123334W)
|
|
|
|
HEMANT KHATOR
(M.No.:117596)
|
|
DID NOT DETERMINE MATERIALITY AND PERFORMANCE MATERIALITY VIOLATING PARA 10 OF STANDARDS ON AUDITING 320
DID NOT DOCUMENT SAMPLING METHODOLOGY ADOPTED FOR SUBSTANTIVE TESTING VIOLATING PARA 1 OF STANDARDS ON AUDITING 500
DID NOT IDENTIFY AND COMMUNICATE WITH THOSE CHARGED WITH GOVERNANCE (TCWG) VIOLATING PARAS 11 AND 14 TO 16 AND STANDARDS ON AUDITING 260 AND 265
DID NOT IDENTIFY RELATED PARTY AND/OR RELATED PARTY TRANSACTIONS
DID NOT OBTAIN ENGAGEMENT QUALITY REVIEW VIOLATING STANDARDS ON AUDITING 220
DID NOT OBTAIN EXTERNAL CONFIRMATION OF FOR TRADE RECEIVABLES AND TRADE PAYABLES
DID NOT OBTAIN SUFFICIENT APPROPRIATE AUDIT EVIDENCE REGARDING EXISTENCE AND CONDITION OF INVENTORY
DID NOT PLAN AUDIT AND DID NOT UNDERSTAND ENTITY AND ITS ENVIRONMENT
DID NOT REPORT NON-COMPLIANCE WITH LAWS AND REGULATIONS
|
IMPOSED PENALTY RS.2,00,000
DEBARRED FROM BEING APPOINTED AS AUDITOR OR INTERNAL AUDITOR OR UNDERTAKING ANY AUDIT IN RESPECT OF FINANCIAL STATEMENTS OR INTERNAL AUDIT OF FUNCTIONS AND ACTIVITIES OF ANY COMPANY OR BODY CORPORATE FROM 28-MAY-2023 TO 27-MAY-2025
28-APR-2023
|
|
| 53 |
|
|
HARIBHAKTI & CO.LLP
|
|
|
|
CHETAN DESAI
|
|
DID NOT DIRECT AND SUPERVISE AUDIT ENGAGEMENT
DID NOT EVALUATE IMPACT ON AUDIT REPORTS ON BOTH CONSOLIDATED FINANCIAL STATEMENTS AS WELL AS STANDALONE FINANCIAL STATEMENTS
DID NOT OBTAIN ENGAGEMENT QUALITY REVIEW VIOLATING STANDARDS ON AUDITING 220
DID NOT PERFORM APPROPRIATE AUDIT PROCEDURES AND DID NOT OBTAIN
SUFFICIENT APPROPRIATE AUDIT EVIDENCE DURING AUDIT OF LOANS AND ADVANCES OF RS.1,326.92 CRORE GIVEN TO RELATED PARTIES AND OTHERS
DID NOT PERFORM APPROPRIATE AUDIT PROCEDURES AND DID NOT OBTAIN SUFFICIENT APPROPRIATE AUDIT EVIDENCE DURING AUDIT OF INVESTMENT OF RS.2,456.92 MADE BY DB REALTY LTD. IN ITS SUBSIDIARIES, ASSOCIATES, JOINT VENTURES AND OTHERS
DID NOT PERFORM APPROPRIATE AUDIT PROCEDURES AND DID NOT OBTAIN SUFFICIENT APPROPRIATE AUDIT EVIDENCE DURING AUDIT OF RS.3,894.43 CRORE OF GUARANTEES GIVEN AND SECURITIES PROVIDED BY DB REALTY LTD. TO RELATED PARTIES
|
DEBARRED FROM BEING APPOINTED AS AUDITOR OR INTERNAL AUDITOR OR UNDERTAKING ANY AUDIT IN RESPECT OF FINANCIAL STATEMENTS OR INTERNAL AUDIT OF FUNCTIONS AND ACTIVITIES OF ANY COMPANY OR BODY CORPORATE FROM 23-JAN-2025 TO 22-JAN-2030
IMPOSED PENALTY RS.5,00,000
23-DEC-2024
|
|
| 54 |
|
|
HARIBHAKTI & CO.LLP
|
|
|
|
RAKESH RATHI
|
|
DID NOT DIRECT AND SUPERVISE AUDIT ENGAGEMENT
DID NOT EVALUATE IMPACT ON AUDIT REPORTS ON BOTH CONSOLIDATED FINANCIAL STATEMENTS AS WELL AS STANDALONE FINANCIAL STATEMENTS
DID NOT OBTAIN ENGAGEMENT QUALITY REVIEW VIOLATING STANDARDS ON AUDITING 220
DID NOT PERFORM APPROPRIATE AUDIT PROCEDURES AND DID NOT OBTAIN
SUFFICIENT APPROPRIATE AUDIT EVIDENCE DURING AUDIT OF LOANS AND ADVANCES OF RS.1,326.92 CRORE GIVEN TO RELATED PARTIES AND OTHERS
DID NOT PERFORM APPROPRIATE AUDIT PROCEDURES AND DID NOT OBTAIN SUFFICIENT APPROPRIATE AUDIT EVIDENCE DURING AUDIT OF INVESTMENT OF RS.2,456.92 MADE BY DB REALTY LTD. IN ITS SUBSIDIARIES, ASSOCIATES, JOINT VENTURES AND OTHERS
DID NOT PERFORM APPROPRIATE AUDIT PROCEDURES AND DID NOT OBTAIN SUFFICIENT APPROPRIATE AUDIT EVIDENCE DURING AUDIT OF RS.3,894.43 CRORE OF GUARANTEES GIVEN AND SECURITIES PROVIDED BY DB REALTY LTD. TO RELATED PARTIES
|
DEBARRED FROM BEING APPOINTED AS AUDITOR OR INTERNAL AUDITOR OR UNDERTAKING ANY AUDIT IN RESPECT OF FINANCIAL STATEMENTS OR INTERNAL AUDIT OF FUNCTIONS AND ACTIVITIES OF ANY COMPANY OR BODY CORPORATE FROM 23-JAN-2025 TO 22-JAN-2028
IMPOSED PENALTY RS.3,00,000
23-DEC-2024
|
|
| 55 |
|
|
HARISH KUMAR T.K.
(M.No.:212219)
|
|
|
ACCEPTED AUDIT ENGAGEMENT WITHOUT VALID AUTHORIZATION AND WITHOUT COMPLYING WITH ETHICAL REQUIREMENTS AND ISSUED AUDIT REPORT WITHOUT VALID APPOINTMENT AS PER THE CHARTERED ACCOUNTS ACT, 1949 IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
DID NOT ADHERE TO AUDIT DOCUMENTATION VIOLATING STANDARDS OF AUDITING IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
DID NOT ADHERE TO STANDARD OF ACCOUNTING FOR FORMING OPINION AND REPORTING ON FINANCIAL STATEMENTS VIOLATING STANDARDS OF AUDITING IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
DID NOT ADHERE TO PROFESSIONAL SKEPTICISM AND PROFESSIONAL JUDGEMENT IN UNDERSTANDING THE OBJECTIVE AND SCOPE OF AUDIT VIOLATING OF STATUTORY AUDITOR 200 IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
DID NOT ADHERE TO STANDARDS ON AUDITING VIOLATING CHARTERED ACCOUNTS ACT, 1949 IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
ISSUED AUDIT REPORT WITHOUT COMPLYING WITH REQUIREMENTS OF STANDARDS OF AUDITING IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
|
DEBARRED FROM BEING APPOINTED AS AUDITOR OR INTERNAL AUDITOR OR UNDERTAKING ANY AUDIT IN RESPECT OF FINANCIAL STATEMENTS OR INTERNAL AUDIT OF FUNCTIONS AND ACTIVITIES OF ANY COMPANY OR BODY CORPORATE FROM 13-MAY-2023 TO 12-MAY-2024
IMPOSED PENALTY RS.1,00,000
13-APR-2023
|
|
| 56 |
|
|
HARISH SHARMA
(M.No.:403129)
|
|
|
ACCEPTED AUDIT ENGAGEMENT WITHOUT VALID AUTHORIZATION AND WITHOUT COMPLYING WITH ETHICAL REQUIREMENTS AND ISSUED AUDIT REPORT WITHOUT VALID APPOINTMENT AS PER THE CHARTERED ACCOUNTS ACT, 1949 IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
DID NOT ADHERE TO AUDIT DOCUMENTATION VIOLATING STANDARDS OF AUDITING IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
DID NOT ADHERE TO PROFESSIONAL SKEPTICISM AND PROFESSIONAL JUDGEMENT IN UNDERSTANDING THE OBJECTIVE AND SCOPE OF AUDIT VIOLATING OF STATUTORY AUDITOR 200 IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
DID NOT ADHERE TO STANDARD OF ACCOUNTING FOR FORMING OPINION AND REPORTING ON FINANCIAL STATEMENTS VIOLATING STANDARDS OF AUDITING IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
DID NOT ADHERE TO STANDARDS ON AUDITING VIOLATING CHARTERED ACCOUNTS ACT, 1949 IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
ISSUED AUDIT REPORT WITHOUT COMPLYING WITH REQUIREMENTS OF STANDARDS OF AUDITING IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
|
IMPOSED PENALTY RS.1,00,000
DEBARRED FROM BEING APPOINTED AS AUDITOR OR INTERNAL AUDITOR OR UNDERTAKING ANY AUDIT IN RESPECT OF FINANCIAL STATEMENTS OR INTERNAL AUDIT OF FUNCTIONS AND ACTIVITIES OF ANY COMPANY OR BODY CORPORATE FROM 29-OCT-2023 TO 28-OCT-2024
29-SEP-2023
|
|
| 57 |
|
|
HEMANT KHATOR
(M.No.:117596)
|
|
|
DID NOT DETERMINE MATERIALITY AND PERFORMANCE MATERIALITY VIOLATING PARA 10 OF STANDARDS ON AUDITING 320
DID NOT DOCUMENT SAMPLING METHODOLOGY ADOPTED FOR SUBSTANTIVE TESTING VIOLATING PARA 1 OF STANDARDS ON AUDITING 500
DID NOT IDENTIFY AND COMMUNICATE WITH THOSE CHARGED WITH GOVERNANCE (TCWG) VIOLATING PARAS 11 AND 14 TO 16 AND STANDARDS ON AUDITING 260 AND 265
DID NOT IDENTIFY RELATED PARTY AND/OR RELATED PARTY TRANSACTIONS
DID NOT OBTAIN ENGAGEMENT QUALITY REVIEW VIOLATING STANDARDS ON AUDITING 220
DID NOT OBTAIN EXTERNAL CONFIRMATION OF FOR TRADE RECEIVABLES AND TRADE PAYABLES
DID NOT OBTAIN SUFFICIENT APPROPRIATE AUDIT EVIDENCE REGARDING EXISTENCE AND CONDITION OF INVENTORY
DID NOT PLAN AUDIT AND DID NOT UNDERSTAND ENTITY AND ITS ENVIRONMENT
DID NOT REPORT NON-COMPLIANCE WITH LAWS AND REGULATIONS
|
IMPOSED PENALTY RS.2,00,000
DEBARRED FROM BEING APPOINTED AS AUDITOR OR INTERNAL AUDITOR OR UNDERTAKING ANY AUDIT IN RESPECT OF FINANCIAL STATEMENTS OR INTERNAL AUDIT OF FUNCTIONS AND ACTIVITIES OF ANY COMPANY OR BODY CORPORATE FROM 28-MAY-2023 TO 27-MAY-2025
28-APR-2023
|
|
| 58 |
|
|
JIGNESH MEHTA
(M.No.:102749)
|
|
|
DID NOT ADHERE TO PROFESSIONAL SKEPTICISM IN CONSIDERATION OF LAWS AND REGULATIONS IN AUDIT OF FINANCIAL STATEMENTS
DID NOT APPROPRIATELY IDENTIFY, CLASSIFY AND ASSESS RISK OF MATERIAL MISSTATEMENTS
DID NOT EXERCISE PROFESSIONAL SKEPTICISM AND DID NOT REPORT MATERIAL MISSTATEMENTS
DID NOT IDENTIFY DEFICIENCIES IN INTERNAL CONTROL RELATING TO APPRAISAL AND SANCTION OF LOAN
DID NOT IDENTIFY RELATED PARTY AND/OR RELATED PARTY TRANSACTIONS
DID NOT OBTAIN SUFFICIENT APPROPRIATE AUDIT EVIDENCE REGARDING ENTITY’S ABILITY TO CONTINUE AS GOING CONCERN
DID NOT OBTAIN SUFFICIENT INFORMATION NECESSARY FOR EXPRESSION OF OPINION ON INTERNAL FINANCIAL CONTROLS OVER FINANCIAL REPORTING (ICFR) AND ISSUED BASELESS AUDIT REPORT
DID NOT PERFORM AUDIT PROCEDURES REQUIRED FOR COMPANY’S BRANCHES
|
DEBARRED FROM BEING APPOINTED AS AUDITOR OR INTERNAL AUDITOR OR UNDERTAKING ANY AUDIT IN RESPECT OF FINANCIAL STATEMENTS OR INTERNAL AUDIT OF FUNCTIONS AND ACTIVITIES OF ANY COMPANY OR BODY CORPORATE FROM 05-JAN-2024 TO 04-JAN-2034
IMPOSED PENALTY RS.5,00,000
05-DEC-2023
|
|
| 59 |
|
|
JUMANI & CO.
(M.No.:135870W)
|
|
|
|
SUNIL R.JUMANI
(M.No.:049586)
|
|
ACCEPTED AUDIT ENGAGEMENT WITHOUT VALID AUTHORIZATION AND WITHOUT COMPLYING WITH ETHICAL REQUIREMENTS AND ISSUED AUDIT REPORT WITHOUT VALID APPOINTMENT AS PER THE CHARTERED ACCOUNTS ACT, 1949 IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
DID NOT ADHERE TO AUDIT DOCUMENTATION VIOLATING STANDARDS OF AUDITING IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
DID NOT ADHERE TO PROFESSIONAL SKEPTICISM AND PROFESSIONAL JUDGEMENT IN UNDERSTANDING THE OBJECTIVE AND SCOPE OF AUDIT VIOLATING OF STATUTORY AUDITOR 200 IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
DID NOT ADHERE TO STANDARD OF ACCOUNTING FOR FORMING OPINION AND REPORTING ON FINANCIAL STATEMENTS VIOLATING STANDARDS OF AUDITING IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
DID NOT ADHERE TO STANDARDS ON AUDITING VIOLATING CHARTERED ACCOUNTS ACT, 1949 IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
ISSUED AUDIT REPORT WITHOUT COMPLYING WITH REQUIREMENTS OF STANDARDS OF AUDITING IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
|
IMPOSED PENALTY RS.1,00,000
DEBARRED FROM BEING APPOINTED AS AUDITOR OR INTERNAL AUDITOR OR UNDERTAKING ANY AUDIT IN RESPECT OF FINANCIAL STATEMENTS OR INTERNAL AUDIT OF FUNCTIONS AND ACTIVITIES OF ANY COMPANY OR BODY CORPORATE FROM 29-OCT-2023 TO 28-OCT-2024
29-SEP-2023
|
|
| 60 |
|
|
K.B.CHATURVEDI & ASSOCIATES
(M.No.:016107c)
|
|
|
|
KASHINATH CHATURVEDI
(M.No.:030932)
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ACCEPTED AUDIT ENGAGEMENT WITHOUT VALID AUTHORIZATION AND WITHOUT COMPLYING WITH ETHICAL REQUIREMENTS AND ISSUED AUDIT REPORT WITHOUT VALID APPOINTMENT AS PER THE CHARTERED ACCOUNTS ACT, 1949 IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
AUDIT FILE DID NOT CONTAIN AGREEMENT ON TERMS OF AUDIT ENGAGEMENTS WITH MANAGEMENT OR THOSE CHARGED WITH GOVERNANCE (TCWG)
DID NOT ADHERE TO AUDIT DOCUMENTATION VIOLATING STANDARDS OF AUDITING IN MATTER OF DEWAN HOUSING FINANCE CORP.LTD.
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IMPOSED PENALTY RS.1,00,000
DEBARRED FROM BEING APPOINTED AS AUDITOR OR INTERNAL AUDITOR OR UNDERTAKING ANY AUDIT IN RESPECT OF FINANCIAL STATEMENTS OR INTERNAL AUDIT OF FUNCTIONS AND ACTIVITIES OF ANY COMPANY OR BODY CORPORATE FROM 21-JUL-2024 TO 20-JUL-2025
21-JUN-2024
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| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
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