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NFRA ANNUAL INSPECTION
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...
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 inspection reports of 10 audit firms by March-endIndia's financial watchdog, NFRA, has inspected ten major audit firms. These include EY, KPMG, Deloitte, PwC, Grant Thornton, and BDO. Find...
ET Prime Special Series - The Red Flags: When assets betray trust. How investors should read the ‘receivables’In the previous part, we learnt about how sometimes profits shown in financial statements may be inflated sales figures supported by fake r...
NFRA's next inspection to target audit firms with large client baseThe NFRA plans to focus on auditing firms with significant listed company audits, using data analytics to detect potential issues. Chairman...
NFRA set to release first annual audit firm reports, focuses on compliance and transparencyNFRA plans to release inspection reports on major audit firms by mid-November after finding improvements but noting more work needed. Annua...
NFRA slaps Rs 10-cr penalty on BSR & Associates in Coffee Day case, debars two auditors“The foregoing discussion in this order is replete with the instances of the lapses in audit, the infraction of the law and non-adherence t...
Some positive changes by audit firms, but a lot more needs to be done: Ajay Bhushan PandeyThe National Financial Reporting Authority (NFRA) has identified preliminary audit quality issues in its ongoing inspections of major audit...
First NFRA annual report on eight audit firms by NovemberThe National Financial Reporting Authority (NFRA) is set to conduct its first annual inspection of eight audit firms, including the Big Fiv...
NFRA to engage with some big listed companies on audit complianceThe regulatory outreach could involve the NFRA's engagement with audit panels, independent directors, chief financial officers and others o...
NFRA changes tack, ramps up focus on supervision to boost audit ecosystem: Chairman AB PandeyThe National Financial Reporting Authority (NFRA) in India has shifted its approach from a predominantly enforcement-driven regulator to on...
Audit panel meetings of listed firms must not be reduced to a formality: NFRA chairman Ajay Bhushan PandeyThe National Financial Reporting Authority (NFRA) plans to conduct annual inspections of major audit firms to ensure compliance with standa...
NFRA's first annual inspection of key audit firms to start by AprilThe regulator will also gauge the Big Five's compliance with the suggestions made in its December 2023 reports in which it had flagged defi...
NFRA plans to engage with audit panels of big companies to curb fraudsThe National Financial Reporting Authority (NFRA) is planning to directly engage audit committees of large listed companies to sensitise th...
NFRA plans annual auditor checksThe regulator's plan comes after it released, late in December 2023, inspection reports on deficiencies in the audit processes of major fir...
NFRA finds certain lapses in audit quality of network entities of Big 4The inspections of the audit firms were started in December last year and covered various aspects, including review of firm-wide quality co...