Chartered Accountant Fined Rs 50 lakh by NFRA
The National Financial Reporting Authority (NFRA) has imposed a Rs 50 lakh penalty on Chartered Accountant Pawan Jain, a partner at M/s Kumar Jain & Associates.
NFRA Is Joining IFIAR To Enhances Global Audit Oversight
In a noteworthy development, India's National Financial Reporting Authority (NFRA), an independent audit regulator, has officially joined the International Forum of Independent Audit Regulators (IFIAR), as reported on NFRA's LinkedIn page.
Adani Group Auditor Faces Scrutiny by NFRA in India
An auditor associated with the Adani Group is currently under investigation by India's accounting regulator, the National Financial Reporting Authority (NFRA).
NFRA penalises auditor for lapses in Sobha audit case
The National Financial Reporting Authority (NFRA) has imposed a penalty of Rs 5 lakh on Supreet Sachdev, an auditor who works at BSR & Co. LLP.
NFRA bats for effective, regular two-way communication between auditors and Boards
National Financial Reporting Authority (NFRA) along with other regulators is focusing more on improving "effective two-way communication" between the auditors and the audit committee of the board and independent directors of the company.
NFRA Chief Emphasises CFOs’ Role in Ensuring integrity of financial accounts
The head of the National Financial Reporting Authority (NFRA) has highlighted the crucial responsibility of Chief Financial Officers (CFOs) in guaranteeing the integrity of financial accounts and fostering effective collaboration with auditors.
The NFRA penalizes and bans Cafe Coffee Day auditors
National Financial Reporting Authority (NFRA) has taken stern action against two auditors and the audit firm of Cafe Coffee Day Global for "professional misconduct" and failing to report irregularities in the company's books in 2019–20.
New Accounting Standards for Insurance Sector Soon
The government will shortly announce the new accounting standards for insurance contracts that will harmonise Indian standards with international standards and enable foreign investors to more accurately assess the risk exposure of local insurers.
NFRA is examining ICAI’s proposal for a new accounting standard for insurance contracts
The National Financial Reporting Authority (NFRA) has reviewed proposals from the Institute of Chartered Accountants of India (ICAI) for a new Standard (Ind AS) to govern the accounting of insurance contracts. The NFRA will submit its recommendations to the Ministry of Corporate Affairs (MCA), which