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NFRA CIRCULAR
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...- ICAI can't notify audit quality norms, says SG Tushar MehtaThe ICAI is not authorized to issue standards on quality management or amend audit norms for accountancy firms. This responsibility lies wi...
- 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...
- Sebi says MFs can value AT-1 bonds on yield to call basisIndia's markets regulator on Monday said that perpetual bonds will be valued by mutual funds based on the call option on these securities, ...
- NFRA takes action against auditors of Reliance Capital for lapses and fraudNFRA has penalized Pathak HD & Associates, and banned its partners, in Reliance Capital case after lapses in statutory duties and ethical v...
- 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...
- NFRA may spell out rules for AT-1 bonds valuationThese securities, popularly known as AT-1 bonds, are hybrid instruments that are perpetual in nature. These can be written-down under certa...
- 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, ...
- 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...
- IBC timeline adherence soon: Injeti Srinivas, Corporate Affairs SecretaryDifficult part is over, resolution timelines under IBC will soon be better adhered to, says Corp Affairs Secretary.
- NACAS to complete IFRS convergence report by November-endChopra said that the panel would complete its report by November-end and the first meeting of the re-constituted committee is expected to b...
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