The Institute of Chartered Accountants of India (ICAI) looking into the complaint pertaining to auditing of Iskcon Bangalore, has, in its findings, said Iskcon Mumbai had misused and mis-interpreted audit reports of Iskcon Bangalore.
This was done to further their (Iskcon Mumbai) case in the ongoing dispute between the two entities, the institute said. “The council, which has been established to regulate the profession of chartered accountants gave its finding after hearing the response filed by V L Varadarajan, former chartered accountant of Iskcon Bangalore,” a press release issued here said.
Doyaram Dasa, one of the trustees and legal head of Iskcon Mumbai had earlier filed a complaint against Varadarajan before ICAI, in 2005. In his complaint, Doyaram Dasa had alleged that Varadarajan was guilty of professional misconduct by conniving in fraud by Madhu Pandit Das in modifying Iskcon Mumbai’s branch audit report into Iskcon Bangalore Society’s audit report. The council initially referred the matter to Disciplinary Committee of ICAI consisting of five members from CA fraternity.
The disciplinary committee ruled that Varadarajan is guilty of issuing anti-dated audit report and balance sheet to Iskcon Bangalore Society and referred the matter to entire council of ICAI consisting of 40 members. The council which pronounced its final findings last week, held that Varadarajan was not guilty of misconduct.
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