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When facing problems, companies should also look at strengthening audit committees, independent directors: NFRA chief

When facing problems, companies should also look at strengthening audit committees, independent directors: NFRA chief
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Stakeholders Need To Work Together To Strengthen Audit Quality Chairperson NFRA

Chairperson said that auditors are required to report to the government fraud if this comes to their notice and this is not an expectation gap but is understanding gap, , nfra, Ajay Bhushan Prasad Pandey, National Financial Reporting Authority

Cafe Coffee Day: NFRA Bans MACEL and TDL s Auditors for 5 To 10 Years, Imposes Penalties

Taking stern action against two chartered accounts (CAs) and an audit firm in the matter of Coffee Day Enterprises Ltd (CDEL) and its subsidiaries Mysore Amalgamated Coffee Estate Ltd (MACEL) and Tanglin Developments Ltd (TDL), the national financial reporting authority (NFRA) has imposed a ban of 10 years on CA Lavitha Shetty and a ban of five years on CA C Ramesh.

Auditors red flag in time could have averted many financial misdoings: NFRA chief - Jammu Kashmir Latest News | Tourism

New Delhi, Nov 20: Many financial misdoings could have been detected and averted at an early stage if the auditors concerned had pointed out such instances to stakeholders in time, a top NFRA official has said. The National Financial Reporting Authority (NFRA) was set up in October 2018 and has more than 8,000 listed and other companies under its purview. “Not only in hindsight but otherwise also, I believe that had many of the violations that we observe in our […]

NFRA to conduct audit quality inspections of five audit firms

Five audit companies, including the network businesses of the Big 4, will be subject to audit quality inspections by the National Financial Reporting Authority (NFRA), and the onsite inspections are anticipated to take place next month, according to a top official. Audit quality inspections will be mutually beneficial for the audit firms as well as NFRA.

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