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NFRA INSPECTION REPORTS
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...- 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...
- NFRA inspection reports of 10 audit firms by March-endIndia's financial watchdog, NFRA, has inspected ten major audit firms. These include EY, KPMG, Deloitte, PwC, Grant Thornton, and BDO. Find...
- 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...
- NFRA's next inspection to target audit firms with large client baseThe NFRA plans to focus on auditing firms with significant listed company audits, using data analytics to detect potential issues. Chairman...
- NFRA flags deficiencies in audit works by 2 PwC firmsThe National Financial Reporting Authority identified shortcomings in audits by Price Waterhouse Chartered Accountants LLP and Price Waterh...
- NFRA detects shortcomings in MSKA’s audit of related party transactionsNFRA uncovered significant deficiencies in the audit practices of MSKA & Associates, particularly in related party transactions. The audit ...
- 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...
- 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...
- 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...
- 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 annual auditor checksThe regulator's plan comes after it released, late in December 2023, inspection reports on deficiencies in the audit processes of major fir...
- 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...
- NFRA finds certain lapses in audit quality of network entities of Big 4The inspections of the audit firms were started in December last year and covered various aspects, including review of firm-wide quality co...
- Letters sent to affiliates of Deloitte, EY, KPMG, Grant Thornton, and two CA firms based in Ahmedabad; Adani Group says it complies with relevant accounting standards & lawsThe National Financial Reporting Authority (NFRA) has requested audit affiliates of Deloitte, EY, KPMG, Grant Thornton, and two Ahmedabad-b...
- Auditors' red flag in time could have averted many financial misdoings: NFRA chiefEmphasising that things work on trust, Ajay Bhushan Prasad Pandey said the NFRA should not be seen merely as an enforcement agency. "Only i...
- NFRA issues guidelines on audit quality inspectionThe inspection guidelines are based on recommendations of the International Forum for Independent Audit Regulators (IFIAR), which comprise ...
- NFRA extends deadline for comments on consultation paper till July 30The consultation paper is focused on 'enhancing engagement with stakeholders and it has been prepared after taking into consideration vario...
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