Embassy REIT CEO Aravind Maiya Steps Down Amid SEBI Suspension Order
Aravind Maiya will step down as Chief Executive Officer (CEO) of Embassy Office Parks REIT following a SEBI directive to replace him with an acting CEO immediately.
NFRA’s Draft Release, The ICAI Urges A Pause On Revisions To SA 600
The Institute of Chartered Accountants of India (ICAI) has requested a halt in revising Standard on Auditing (SA) 600, expressing surprise at the National Financial Reporting Authority's (NFRA) release of an exposure draft during ongoing discussions within the ICAI Council.
ICAI Raises Concerns Over NFRA’s Draft Norms on Auditing Standards, Citing Risks to Smaller Firms
The ICAI has raised concerns over the National Financial Reporting Authority’s (NFRA) draft norms aimed at overhauling Standard on Auditing 600, according to a report by ET.
NFRA Advances Auditing Reforms with ISA 600 Adoption; ICAI Revises Quality Management Standards
After months of deliberation, the National Financial Reporting Authority (NFRA) announced on Monday its decision to adopt the International Standard on Auditing 600 (ISA 600) for all listed companies, with the exception of public sector companies, state-run banks, and their branches.
Audit lapses at Coffee Day Enterprises: NFRA fines M/s BSR & Associates Rs 10 crore
India's audit watchdog, the National Financial Reporting Authority (NFRA), has imposed a fine of ₹10 crore on M/s BSR & Associates LLP, a subsidiary of KPMG.
NFRA Chief Ajay Bhushan Pandey Opens Independent Directors’ Databank to Headhunters
In a major announcement, NFRA chief Ajay Bhushan Pandey, who also heads IICA, has decided to open up the exhaustive databank of current and aspiring Independent Directors to the headhunters.
Audit Committees of corporate Boards cannot avoid culpability by blaming auditors: NFRA Chief
The Chairman of the National Financial Reporting Authority (NFRA), Ajay Bhushan Prasad Pandey, emphasised that a company's Audit Committee, primarily composed of Independent Directors, cannot shirk its responsibility for ensuring accurate financial statements, even if auditors fail in their duty.
Two auditors in Reliance Commercial Finance case are fined Rs 2.5 crore by NFRA
The National Financial Reporting Authority (NFRA) has imposed penalties totalling Rs 2.5 crore on two auditors for professional misconduct and auditing lapses related to the Reliance Commercial Finance case for FY 2018-19.
Audit Committee Meetings Should Not Be A Formality: NFRA Chairman
Ajay Bhushan Pandey, Chairman of the National Financial Reporting Authority (NFRA), highlighted the regulator's concern over instances where meetings between auditors and audit committees have become mere formalities, emphasising the need to rectify this practice.
NFRA to Implement Annual Audits, Aims to Strengthen Corporate Governance
The National Financial Reporting Authority (NFRA) is set to implement annual inspections of major audit firms, including the Big Four, to ensure compliance and deter deviations from established standards.
