NFRA sets up 4 separate functional divisionsThe National Financial Reporting Authority (NFRA) is stepping up its game with the launch of four specialized divisions that will focus on ...
Audit watchdog to split disciplinary & probe functions, set up 4 divisionsThe National Financial Reporting Authority (NFRA) is restructuring its operations by creating separate wings for investigation and discipli...
Sebi fines Axis Trustee Services Rs 10 lakhsSebi has fined Axis Trustee Services ₹10 lakh. The penalty is for not promptly disclosing a ruling against former REIT executive Aravind Ma...
Sebi appoints corporate law veteran KVR Murty as its whole-time memberIndia’s Securities and Exchange Board of India appoints KVR Murty as Whole Time Member in Mumbai, bringing over 30 years experience in publ...
India may soon notify new audit standards after prolonged regulatory tussleIndia's corporate affairs ministry is set to announce new audit rules. These changes will bring Indian standards in line with global practi...
ICAI defers adoption of new quality management standards by accountancy firmsThe Institute of Chartered Accountants of India has postponed its new quality management standards. These standards were set to be implemen...
NFRA flags quality control gaps in six audit firmsThe National Financial Reporting Authority (NFRA) has released inspection reports on six major audit firms, including Deloitte Haskins & Se...
Bill to amend laws governing companies and LLPs introduced in Lok SabhaAn innovative proposal is on the table aimed at transforming business operations in India. This bill introduces simplified guidelines for s...
NFRA report flags audit lapses at firms linked to PwC, EY, KPMG, BDOIndia's financial watchdog, NFRA, has released inspection reports on major audit firms. These reports highlight issues with audit independe...
NFRA, ICAI mull mechanism to boost regulatory coordinationTo promote harmony and effective collaboration, India’s premier audit watchdogs, NFRA and ICAI, are setting up a systematic approach for be...
Place audit orders in public domain to boost trust: CIC to NFRAThe Central Information Commission has urged the National Financial Reporting Authority to publish all orders, directions, and policy decis...
NFRA board proposes new audit regime in India from April 2026The National Financial Reporting Authority (NFRA) proposes a new accounting regime for India, aligning auditing standards with global norms...
NCLAT upholds NFRA’s power. What does it mean for auditors and larger financial sectorThe NFRA can also recommend accounting and auditing policies and standards to the government for adoption. Before it was set up, the Instit...
NFRA may approach SC over power to probe pre 2018 casesNFRA has already barred some auditors allegedly involved in the IL&FS crisis from undertaking fresh work, in addition to imposing fines on ...
NFRA publishes list of auditors who have not filed returns for FY20According to rules, all auditors are required to file their annual returns with NFRA by filling a form NFRA-2 on or before 30 November ever...
NFRA needs to have standalone legislation, says chairperson R SridharanSridharan said the NFRA operates under a single section of the Companies Act. The section does not provide comprehensive coverage of all th...
Delhi High Court grants interim relief to IL&FS audit partners from NFRA orderThree partners of Deloitte India, Udayan Sen, Shrenik Beid and Rukshad Daruvala, had filed a writ petition in the high court challenging th...