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NFRA AUDIT REPORTS
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...01 May, 2026, 11.10 AM IST- 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...30 Apr, 2026, 06.13 AM IST
- 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...03 Apr, 2026, 12.47 PM IST
- 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...01 Apr, 2026, 05.28 PM IST
- 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...27 Mar, 2026, 11.34 PM IST
- 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...24 Mar, 2026, 12.41 AM IST
- 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...17 Mar, 2026, 06.00 PM IST
- 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...16 Mar, 2026, 12.18 AM IST
- 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...09 Mar, 2026, 04.44 PM IST
- NFRA flags deficiencies in BSR & Co's audit of related party transactionsThe National Financial Reporting Authority (NFRA) identifies significant deficiencies in BSR & Co LLP's audit practices, focusing on relate...24 Dec, 2024, 10.43 PM IST
- 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...14 Oct, 2022, 01.38 AM 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
- NFRA pulls up SRBC & Co for ITNL auditThe report said that the audit firm has to be independent and has violated several regulations mandated for the audit firms. NFRA, part of ...01 Oct, 2021, 07.50 PM 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
- Appointment of BSR as an auditor of IFIN was illegal: NFRA report on IL&FSET had first written on July 17 about NFRA’s report on BSR and how the firm did not adhere to auditing standards. NFRA had then sought the ...17 Aug, 2020, 06.22 PM IST
- IL&FS Financial Services: NFRA finds lapses in 2017-18 statutory auditNew Delhi, Aug 17 () The National Financial Reporting Authority (NFRA) has found various lapses in the statutory audit of IL&FS Financial S...17 Aug, 2020, 04.50 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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