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NFRA AUDIT COMMITTEE
NFRA forms audit quality, assurance and technology advisory committeeIndia's National Financial Reporting Authority has set up a fresh advisory committee that will delve into critical areas such as audit qual...- JPC backs corporate law reforms, easier startup homecomingA joint parliamentary committee supports government plans to simplify corporate regulations and decriminalize minor offenses. The panel als...
- Par panel makes various recommendations on corporate laws amendment billA parliamentary panel proposed fixed penalties for certain corporate non-compliances. It suggested allowing in-kind CSR contributions for s...
- House panel seeks time up to Aug 13 to submit report on corporate laws billA joint parliamentary committee has requested more time to review the Corporate Laws Amendment Bill. This extension means the bill's presen...
- The hidden cost of low audit fees: A risk investors cannot ignoreIndian audit fees for listed companies have lagged behind company growth significantly. This under-pricing compromises audit quality and au...
- NFRA begins probe into Rajesh Exports revenue misstatement caseThe National Financial Reporting Authority is investigating Rajesh Exports for revenue misstatements. NFRA chairperson Nitin Gupta stressed...
- Audit committees need to ensure independence of auditors: NFRA ChairpersonNFRA Chairperson Nitin Gupta emphasized the importance of audit committees ensuring auditor independence and good corporate governance. He ...
- 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 ...
- NFRA wants audit panels of companies to ask auditors tough questionsThe NFRA has called on audit committees to ask auditors tough questions about credit risks and related party transactions. These questions ...
- Auditing of companies has improved in last 3-4 yrs: NFRA ChairpersonThe National Financial Reporting Authority (NFRA) chief emphasized that audit quality has improved in the past few years. However, better c...
- 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...
- Audit panels of companies can’t escape blame by citing auditors’ failure: NFRA chiefNFRA chairman Ajay Bhushan Pandey emphasized the audit committee's responsibility in ensuring accurate financial statements, even if audito...
- 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 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...
- 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...
- Government committed to further strengthening National Financial Reporting AuthoritySpeaking at an event organised by NFRA as a part of Azadi Ka Amrit Mahotsav (AKAM) celebrations, Ministry of Corporate Affairs Secretary Ra...
- Extra teeth to tackle corporate misconductThe Companies Act now restricts NFRA to investigating misconduct by auditors. It is toothless to deal with violations that exceed this narr...
- Government appoints ex-finance secretary Ajay Bhushan Pandey as NFRA chiefThe Appointments Committee of the Cabinet (ACC) has approved the appointment of former revenue secretary ABP Pandey as the chairperson of N...
- NFRA to get powers to investigate companies, audit firmsNFRA, the proposed apex body for accounting and auditing standards, will have powers to probe and review audits of companies.
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