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DHFL NFRA
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...- Auditing of companies has improved in last 3-4 yrs: NFRA ChairpersonThe National Financial Reporting Authority (NFRA) chief emphasized that audit quality has improved in the past few years. However, better c...
- 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...
- ICAI takes matters into its own hands with new quality management standardsICAI released new Standard of Quality Management for CAs and audit firms, bypassing NFRA's mandated process. This move has sparked a contro...
- 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...
- 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...
- Reliance Capital, DHFL, IL&FS failure highlights not wanted: Audit watchdog seeks changes in normsThe National Financial Reporting Authority (NFRA) has proposed aligning a key accounting standard with global norms to protect investor int...
- 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...
- NFRA and ICAI at odds over plan to sync audits with global normsThe National Financial Reporting Authority and the Institute of Chartered Accountants of India are at odds over proposed changes to domesti...
- India sets out to close a critical accounting standard gap to align itself with global peersThe NFRA, backed by RBI and Sebi, is urging the Institute of Chartered Accountants of India to update SA 600 in line with revised internati...
- NFRA debars auditors, imposes Rs 50 lakh penalties for lapses in Brightcom, CMIL casesThe National Financial Reporting Authority (NFRA) has barred auditors of M/s Brightcom Group for up to ten years and imposed heavy monetary...
- NFRA debars auditor for lapses in books of Maharashtra-based BilcareThe National Financial Reporting Authority (NFRA) has debarred auditor Ratan Laxminarayan Rathi of RL Rathi & Co for two years and imposed ...
- NFRA bans two auditors for up to 10 years for lapses in DHFL’s FY18 auditsIn two separate orders, made public on Wednesday, the regulator has banned Jignesh Mehta for taking up audits for 10 years and Amit Vinay C...
- 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...
- 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...
- DHFL case: NFRA debars 18 auditors for up to a year for lapsesThey have been barred from "being appointed as an auditor or internal auditor or from undertaking any audit in respect of financial stateme...
- 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 ...
- 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...
- NFRA imposes fine, bans auditors for 1 yr for misconduct in audit of DHFL branchesAs per the order, NFRA's investigation revealed that the appointment of none of the 33 branch auditors was approved at the Annual General M...
- 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.
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