NFRA clears 40 audit rules in spite of ICAI objections
Nov 12, 2024 · NEW DELHI: In a major overhaul, the National Financial Reporting Authority (NFRA) on Tuesday cleared 40 audit standards, including six where the Institute of Chartered Accountants of India (ICAI) had raised objections.
NFRA in News | National Financial Reporting Authority | India
Oct 19, 2024 · NFRA in News; Title Date View / Download; NFRA Chairperson, Dr Ajay Bhushan Prasad Pandey talked about aligning national standards with global norms: 19/10/2024
NFRA slaps a penalty of Rs 2 crore on Deloitte Haskins for ZEEL …
4 days ago · The National Financial Reporting Authority (NFRA) on Tuesday slapped a penalty of Rs 2 crore on Deloitte Haskins & Sells LLP and total penalty of Rs 15 lakh on two chartered accountants (CAs) for professional misconduct in connection with the audit of Zee Entertainment Enterprises (ZEEL) for the financial years FY19 and FY20.
Latest global audit norm adoption on regulators' table to upgrade ...
Aug 20, 2024 · The National Financial Reporting Authority (NFRA) is set to hold a meeting next week with key financial regulators, including the Reserve Bank of India, the Securities and Exchange Board of India (Sebi), and the Institute of Chartered Accountants of India (ICAI), and the Ministry of Corporate Affairs to adopt the revised International Standard ...
NFRA INSPECTION OF AUDIT FIRM: NFRA’s latest audit …
Dec 21, 2024 · NFRA INSPECTION OF AUDIT FIRM: The recent audit inspections conducted by the NFRA on BSR & Co. LLP and Lodha & Co. LLP have revealed significant lapses in related party transactions, audit documentation, and independence controls. However, the report also notes improvements in comparison to previous inspections, particularly for BSR & Co. LLP, where there has been a substantial enhancement in ...
NFRA: Regulators and ICAI Align Key Accounting Standard | Delhi News …
Aug 26, 2024 · New Delhi: After months of discussion, the National Financial Reporting Authority (NFRA) on Monday decided to move towards the International Standard of Audit 600 (ISA 600) for all listed companies, barring public sector companies and state-run banks and their branches.
NFRA On SA 600: Outdated SA 600 poses risk of future corporate …
Oct 4, 2024 · NFRA On SA 600: In an exclusive interview with ETCFO, R. Narayanaswamy, part-time member of NFRA, discusses the legal framework for auditing standards, challenges to NFRA’s authority, the power dynamics between NFRA and ICAI, and the need for accountability in financial reporting.
NFRA at six: Top auditors urge stronger engagement and tech use …
Oct 1, 2024 · As the NFRA marks six years of enhancing audit quality in India, top auditors call for stronger governance engagement, technological adoption, and a remedial approach.
NFRA : Latest News Headlines, Videos and Photo Galleries on NFRA ...
National Financial Reporting Authority (NFRA) Chairperson Ajay Bhushan Prasad Pandey on Thursday underscored the need for improving corporate governance and aligning Indian auditing with global standards to attract investors.
NFRA has overriding powers to penalise CAs for professional …
The National Financial Reporting Authority (NFRA) has superior and overriding powers over the Institute of Chartered Accountants of India (ICAI) in matters relating to professional...