NFRA is initiating the release of six to seven strategic papers aimed at improving communications between auditors and ...

(IANS) In an effort to improve audit quality, the National Financial Reporting Authority (NFRA) is set to release a series of papers addressing critical areas of statutory audits. NFRA Chairman ...

This initiative seeks to enhance communication between statutory auditors and Audit Committees, reinforcing the ...

Under this mandate, NFRA conducted audit quality inspections of the Chartered Accountant Firm M/s BSR & Co LLP in August 2024. The scope included a review of the remedial actions taken by the Firm for ...

(Image/PTI) The National Financial Reporting Authority’s (NFRA’s) move to notify the standards on quality management (SQM) through the ministry of corporate affairs (MCA) is unnecessary ...

Solicitor General Tushar Mehta's backing of ... on quality control at the level of the audit firm as per global practices. Later in the month, it proposed similar changes for audit norms of ...

This legal assessment supports NFRA's position, which disputes ICAI's jurisdiction over these matters. Standard on Quality Management ... "ICAI can’t amend audit norms without approval: SGI ...

(Reuters) Mumbai/New Delhi: The National Financial Reporting Authority (NFRA) has penalised audit ... the order showed. And the audit quality control partner, who has been debarred for three ...

NFRA has also imposed a penalty of ₹5 lakh on Rakesh Sharma, Engagement Quality Control Review (EQCR) Partner, and debarred him from undertaking any audit work of a corporate for three years.