NFRA imposes fine and ban on auditors for lapses in SRS Ltd audit: Lessons for auditors on professional conduct

The National Financial Reporting Authority (NFRA) in India has imposed a penalty of ₹300,000 on the statutory auditor of now-de-listed company SRS Ltd, along with a three-year ban on taking up statutory or internal audits of any company, for alleged professional misconduct and lapses in the FY18 audit of the company.

source https://www.caclubindia.com/articles/nfra-imposes-fine-and-ban-on-auditors-for-lapses-in-srs-ltd-audit-lessons-for-auditors-on-professional-conduct-49575.asp