Committee concluded that there were indeed non-compliances in the financial statements audited by Pachkhede, relating to various accounting standards and reporting requirements. These errors were considered to constitute professional misconduct as per the Committee’s Findings dated February 7, 2024.
The case centers on Pednekar’s signing of financial statements on a back date, which is deemed as negligent conduct and a breach of professional standards.
CA. Hemanshu Solanki fined and reprimanded by ICAI for professional misconduct, failing due diligence in Net Asset Value calculation.
CA. Ravish Maniyar found guilty of professional misconduct by ICAI for failing to disclose pending SARFAESI proceedings in an audit report.
CA. Ashutosh Arvind Pednekar reprimanded by ICAI for professional misconduct involving backdated financial statement signatures and negligence in verifying signatory authorization.
CA. Sachin Madhukar Pachkhede removed from ICAI Register for 3 months and fined ₹1 lakh due to extensive audit non-compliances and professional misconduct.
CA. Sachin Rajnikant Parekh fined ₹1,00,000 and reprimanded by ICAI for professional misconduct related to non-disclosure of mandatory cost record maintenance in audit report.
Explore the Reserve Bank of India’s Master Direction for Margining Non-Centrally Cleared OTC Derivatives issued in 2024. Understand its implications and applicability.
Registrar of Companies imposes penalties on Lalitbagh Heritage Palace and Museum Pvt Ltd for violating Companies Act, 2013. Non-compliance led to fines and potential legal actions.
ICAI’s Disciplinary Committee finds Price Waterhouse LLP guilty of professional misconduct, removing CA Dinesh Supekar from the register for three years.
