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What happens if the statutory auditor fails to comply with prescribed standards?

Audit RulesREG_AUDITRegulation 54

Non-compliance can lead to the auditor's report being questioned during CAG's supplementary audit, potential debarment from future appointments under Regulation 59, and referral to ICAI for disciplinary action.

Source: REG_AUDIT Regulation 54

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This answer is for informational purposes only and does not constitute legal advice. Always refer to the original rules and consult competent authorities for official interpretation.