On pg 2.24 Vol 1 it is written that
Misconduct proceedings pending against company have to be checked.
Can you please elaborate this point
As per section 139 and CAAR rules while appointing auditor we should see misconduct proceedings pending against CA, these proceedings are if CA violates CA act or regulations , guidelines issued by ICAI. Like giving false audit report etc
if serious cases are pending which indicate CA is not trustworthy company may not consider him for appointment