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SSC Audit Tax Finance P-II QUESTION #6227
Question 1
If an auditor is guilty of 'Misfeasance', it implies:
  • A breach of duty resulting in financial loss to the company✔️
  • A failure to pay the professional membership fee to ICAP
  • A simple mathematical error in the tax calculation
  • The auditor was not a Chartered Accountant
Correct Answer Explanation
Misfeasance means a breach of duty where the auditor does something wrong in the performance of their duties, leading to loss.