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NFRA AUDIT FRAUD
ICAI looks to set a brand new standardThe Institute of Chartered Accountants of India plans to submit its own revised auditing standard to the government. This move could reigni...31 Oct, 2025, 10.11 AM IST- 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 ...16 Jun, 2025, 01.03 AM IST
- NFRA penalises auditor for lapses in Religare Finvest caseThe National Financial Reporting Authority has fined auditor Neeraj Bansal Rs 5 lakh and barred him for five years due to lapses in auditin...03 Feb, 2025, 08.12 PM IST
- 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...12 Nov, 2024, 10.34 PM IST
- NFRA imposes Rs 2-cr penalty on audit firm in Coffee Day case, debars two auditorsThe National Financial Reporting Authority penalized M/s Venkatesh & Co Rs two crore and barred auditors Dasaraty V and Desikan G for 10 an...10 Oct, 2024, 08.23 PM IST
- Fears over proposed revamp of audit standards misplaced: NFRAThe National Financial Reporting Authority (NFRA) has dismissed concerns that revamping domestic audit standards to align with global norms...18 Sep, 2024, 11.46 AM IST
- 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...27 May, 2024, 12.46 AM IST
- NFRA imposes Rs 2.5 crore fine on two auditors in Reliance Commercial Finance caseThe National Financial Reporting Authority (NFRA) has penalized two auditors with fines totaling Rs 2.5 crore for professional misconduct a...20 May, 2024, 05.56 PM IST
- NCLAT upholds NFRA penalty on DHFL auditorsThe National Company Law Appellate Tribunal has upheld the penalty imposed by the National Financial Reporting Authority (NFRA) on auditors...02 Dec, 2023, 07.13 PM IST
- NFRA slaps 1-year ban, imposes fine on auditor for lapses in SRS Ltd auditIn its order, the audit regulator slapped a fine of Rs 1 lakh on Apoorve Bansal of SVP & Associates, who was the Engagement Quality Control...28 Sep, 2023, 09.59 PM IST
- The NFRA's latest diktat needs more clarity in its implementationNFRA has noticed that auditors are not fulfilling their statutory responsibilities of reporting fraud as mandated under the Companies Act, ...02 Jul, 2023, 11.52 PM IST
- Exercise professional scepticism while evaluating fraud at cos: NFRA tells auditorsReiterating various provisions under the company's law and auditing standards, NFRA stressed that a "statutory auditor shall exercise his/h...26 Jun, 2023, 10.27 PM IST
- EY partner firm SRBC's audit of IL&FS compromised: NFRAIn its audit quality report (AQR), the NFRA pointed to "large scale non-compliance with professional and regulatory and legal requirements"...23 Jun, 2022, 12.07 AM IST
- 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...18 Aug, 2020, 08.23 PM IST
- Audit firms examine NFRA order in ILFS case, to plan for future implicationsThe NFRA report has again put a spotlight on the confusion on what services can be provided by an auditor to its audit clients.25 Jul, 2020, 12.11 PM IST
- NFRA bars ex-Deloitte CEO for 7 years, slaps Rs 25L fine for his role in IL&FS fraud“Udayan Sen is debarred for the period of seven years from being appointed as an auditor or internal auditor or undertaking any audit in re...22 Jul, 2020, 06.14 PM IST
- IFIN case: Regulator says Deloitte didn’t comply with guidelinesNFRA has said that Deloitte had failed to comply with auditing standards in carrying out statutory audit of IL&FS.13 Dec, 2019, 09.23 AM IST
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