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NFRA sets up 4 separate functional divisionsThe National Financial Reporting Authority (NFRA) is stepping up its game with the launch of four specialized divisions that will focus on ...- 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...
- ED raids 50 sites linked to Anil Ambani in Rs 3,000 cr Yes Bank loan fraud probeThe Enforcement Directorate raided over 35 premises linked to Anil Ambani’s Reliance Group in a ₹3,000 crore Yes Bank loan fraud probe. ED ...
- Audit watchdog gets SC nod to tighten grip on chartered accountants and companiesThe Supreme Court has allowed the National Financial Reporting Authority (NFRA) to continue disciplinary actions against chartered accounta...
- NFRA moves SC against Delhi HC's EQCR orderNFRA has appealed to the Supreme Court against a Delhi HC order, arguing that an Engagement Quality Control Reviewer (EQCR) is not an audit...
- Tax audits our forte, would be unfair to treat others as accountants: ICAI president NandaThe new ICAI president, Charanjot Singh Nanda, insists that tax audits remain solely with chartered accountants, opposing efforts by compan...
- SC seeks response from MCA on NFRA appeal over quashed show-cause notices to auditorsThe Supreme Court sought responses regarding an appeal by the NFRA against a Delhi High Court decision that quashed show-cause notices to a...
- ICAI steps up disciplinary actions against errant chartered accountantsThe Institute of Chartered Accountants of India (ICAI) has ramped up disciplinary actions against its members, with over 200 hearings condu...
- 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...
- Supreme Court upholds NFRA's 10-year ban and Rs 20 lakh fine for auditor Anil Chauhan over Seya Industries' misconductThe Supreme Court upheld the National Financial Reporting Authority's 10-year audit ban and Rs 20 lakh penalty on Anil Chauhan for miscondu...
- Insolvency law fosters healthy credit culture: NFRA chief PandeyOn Tuesday, Ajay Bhushan Prasad Pandey, chairman of the National Financial Reporting Authority (NFRA), emphasized the importance of insolve...
- NCLAT upholds NFRA’s power. What does it mean for auditors and larger financial sectorThe NFRA can also recommend accounting and auditing policies and standards to the government for adoption. Before it was set up, the Instit...
- NFRA may approach SC over power to probe pre 2018 casesNFRA has already barred some auditors allegedly involved in the IL&FS crisis from undertaking fresh work, in addition to imposing fines on ...
- 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, ...
- Dear chartered accountants, wake up and smell the coffeeAs reporting entities, professionals have to undertake KYC (know your customer) of all clients entering these transactions and maintain the...
- Govt invites applications for judicial, technical positions at NCLATThe government has sought applications for a total of three positions of judicial and technical members at the National Company Law Appella...
- NFRA flags lapses in statutory audit of Jaiprakash Associates in 2017-18; says impact 'material, pervasive'In its 207-page Audit Quality Review Report (AQRR), including annexures, issued on Friday, NFRA has made ten observations. It has listed ou...
- Budget 2021: One country, one securities codeThe budgetary proposal to introduce a unified securities market code will help eliminate overlapping and outdated laws, say lawyers. The go...
- Audit firms eye global tie-ups to upgrade skills, build bandwidthThe primary reason, for global tie-ups, being cited is the growing complexity in audit business.
- Election Commission gives nod to new Company LawElection Commission’s nod was required as the model code of conduct is in force after the general elections were announced on March 5.
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