NFRA has debarred two statutory auditors of erstwhile Dewan Housing Finance Corporation Ltd (DHFL) for 10 years and five years respectively, and imposed fines on them for professional misconduct in the discharge of their audit work.
Coming down heavily on a chartered accountant (CA) for negligent review, failure to apply professional skills and lack of sufficient experience while working as an engagement quality control (EQC) partner for the audit of a listed company, the National Financial Reporting Authority (NFRA), barred CA Apoorve Bansal, the ECQ reviewer of SVP & Associates for one year. NFRA also imposed a fine of Rs1 lakh on the CA.
The National Financial Reporting Authority (NFRA), which earlier confirmed the massive diversion of funds by the late founder of Café Coffee Day Enterprises Ltd (CDEL) to promoter group entities, has imposed a record penalty of Rs2.15 crore on the auditors of Coffee Day Global Ltd (CDGL).
National Financial Reporting Authority (NFRA) Chairperson Dr. Ajay Bhushan Prasad Pandey, participated in the inaugural session of 3rd International Conference: Financial Reporting and Control: Recent Development and Challenges organised by ASSOCHAM,
When companies are facing problems, they should also look at strengthening their audit committees and empowering independent directors, NFRA chief Ajay Bhushan Prasad Pandey said on Friday as he mentioned about the trend of companies setting up advisory boards for governance