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NFRA AUDIT ADVISORIES
NFRA slaps notices on IndusInd Bank auditorsWhile other details, if any, in the NFRA communique are not known, the sources confirmed said the government agency would scan the dossier ...- Inspection reveals shortcomings of auditor affiliatesRegulatory inspection reports highlight concerns about auditor independence, quality control deficiencies, and conflicts of interest among ...
- NFRA inspection report finds lapses in SRBC’s audit processThe NFRA inspection report on SRBC & Co LLP highlights audit quality issues at the Ernst & Young network firm, such as auditor independence...
- Embassy REIT appoints Ritwik Bhattacharjee as interim CEOEmbassy Office Parks REIT (Embassy REIT) has appointed Ritwik Bhattacharjee as its Interim CEO after its previous CEO, Aravind Maiya, stepp...
- Big Four affiliates catch the poll fever again, line up for ICAI postsAfter a break, partners from Big Four affiliates are engaging in ICAI elections due to a more assertive ICAI, changing audit rules, and rec...
- NFRA circular warns against selective application of audit standardsThe circular asks auditors to follow both the Standard on Auditing (SA) 600 and the Companies Act 2013 in letter and spirit, on top of othe...
- Stress needs an audit too: Tragic death of EY employee sparks concerns over intense work pressure & client demandsThe sudden death of a young SR Batliboi & Co employee has highlighted intense work pressure in the audit profession. Auditors face tight de...
- NFRA and ICAI at odds over plan to sync audits with global normsThe National Financial Reporting Authority and the Institute of Chartered Accountants of India are at odds over proposed changes to domesti...
- Top auditors stop offering non-audit work to clientsTop audit firms in India, including KPMG affiliate BSR & Affiliates and BDO affiliate MSKA & Associates, have stopped offering non-audit se...
- MCA seeks fast submission of inspection report on Byju’s; company says 'complied with' govt directionsThe Ministry of Corporate Affairs (MCA) has requested a swift investigation into potential corporate governance issues at Byju's and will d...
- Big Four network and others under scrutiny over audit servicesThe National Financial Reporting Authority (NFRA) is investigating audit and non-audit services provided by the Big Four and other firms to...
- NFRA flags audit lapses by Walker Chandiok, releases inspection reportThe National Financial Reporting Authority (NFRA) has issued an inspection report on audit firm Walker Chandiok & Co LLP (WCCL), highlighti...
- When facing problems, cos should also look at strengthening audit committees, independent directors: NFRA chiefWhen companies are facing problems, they should also look at strengthening their audit committees and empowering independent directors, NFR...
- National Financial Reporting Authority planning audit advisoriesThis, Pandey said, is aimed at bringing more awareness among companies and chartered accountants about the regulatory requirements of audit...
- Tells us how you conduct your business: NFRA asks top professional services firmsThe regulator sent a form to the firms seeking details of their client roster, the fees they charge, salaries of partners, money made from ...
- No need to further curb 'non-audit' services of auditors: Industry bodies tell govtSeveral industry bodies have told the government that the existing framework in this regard is adequate and benchmarked with the best globa...
- Price Waterhouse to stop offering any non-audit services to their audit clients regulated by NFRAThis essentially means that no PwC network firm would do consulting for tax advisory to any company they audit.
- Government plans new agency to keep check on Chartered AccountantsWhile Companies Act 2013 had provided for NFRA as a regulatory agency for audit, accounts and financial reporting, Section 132 of the law h...
- ICAI tense over move to set up new watchdogThe contours of this shift lie in a clause of the new Companies Bill, which is presently awaiting clearance from one of the two houses of P...
- Companies Bill for independent regulator for auditorsThe authority would formulate accounting and auditing standards as well as monitor and enforce them among other things, Sachin Pilot said i...
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