As per Rule 3 (2), Every existing body corporate other than a company governed by these rules, shall inform the Authority about details of the auditor (s) as on 13 th November 2018 by 12 th December, ...

Rule 3 of NFRA Rule provided for the requirement of filing of Form NFRA 2 (Annual Return) by auditors for which classes of companies and bodies corporate governed by the Authority.

ICAI cannot investigate statutory auditors of listed companies and large unlisted businesses governed by NFRA, according to the legal opinion given by Solicitor General Tushar Mehta, two persons ...

As a part of its mandate under Section 132 of the Companies Act, 2013, the National Financial Reporting Authority (NFRA) undertook a quality inspection of four major audit firms over the past year ...

New Delhi: Sound corporate governance is the bedrock of the sector that contributes to sustainable growth and development of the nation as whole, said Ajay Bhushan Prasad Pandey, chairperson, NFRA ...

The NFRA noted PwC’s policy decision to voluntarily restrict providing non-audit services to NFRA-governed clients, its subsidiaries and its material overseas associates. However, it found the ...

New NFRA rules face opposition from smaller CA firms NFRA has proposed that group auditors be held responsible for complete financial statements ; CAs seek joint responsibility.

The NFRA, which is a regulator that oversees accounting standards and auditing profession in the country, had initiated the inspection of these audit firms in December 2022 ...

Five audit companies, including the network businesses of the Big 4, will be subject to audit quality inspections by the National Financial Reporting Authority (NFRA), and the onsite inspections ...

Speaking at the conference on “Financial Reporting and Corporate Governance in the Corporate Sector”, Pandey said that investors reward well-governed corporates.