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एनएफआरए ने आडिट क्वालिटी पर फिर उठाए सवाल, खामियां उजागर

CA, CS, CMA : एनएफआरए ने बीएसआर एंड कंपनी और लोधा एंड कंपनी के आ...

December 22, 2024 1266 Views 0 comment Print

Will proposed ISA 600 by NFRA put end to company audits by small & mid sized audit firms!

Corporate Law : ISA 600 draft may impact small audit firms in India by concentrating audit work among larger firms. A balanced approach is needed ...

August 31, 2024 3651 Views 0 comment Print

मुख्य या ग्रुप आडिटर को सहायक कंपनियों के आडिटर की रिपोर्ट की करनी होगी पूरी समीक्षा

CA, CS, CMA : एनएफआरए सूचीबद्ध कंपनियों में वित्तीय धोखाधड़ी ...

August 21, 2024 723 Views 0 comment Print

Unveiling Professional Misconduct: NFRA’s Order on Seya Industries Limited’s Statutory Audit

Company Law : The Order No. 002/2024 Date: 05.01.2024, centered around CA Anil Chauhan, the Engagement Partner (EP) of Anil Chauhan & Associates...

January 11, 2024 1080 Views 0 comment Print

NFRA Debars Chartered Accountants & Firms: Understanding the Implications

Company Law : Explore the implications of recent debarments by the National Financial Reporting Authority (NFRA) on Chartered Accountants and fi...

August 12, 2023 1821 Views 0 comment Print


Latest News


NFRA Invites Applications for Chairperson & Members

Company Law : Apply for Chairperson and Member positions at NFRA. Eligibility: 20-25 years of experience in accountancy, auditing, finance, or l...

March 4, 2025 198 Views 0 comment Print

NFRA Flags Audit Deficiencies at PwC Firms

Company Law : NFRA inspection of PwC firms (PWCA & PW& Co CA) reveals deficiencies in related party transaction verification and documentation, ...

February 14, 2025 6150 Views 0 comment Print

NFRA Inspection Report 2023 on Lodha & Co. Audit Quality

Company Law : Summary of NFRA's audit quality inspection of Lodha & Co., highlighting key deficiencies in audit documentation, independence poli...

January 15, 2025 14472 Views 0 comment Print

NFRA Inspection Report 2023: Audit Review of M/s BSR & Co. LLP

Company Law : NFRA's 2023 inspection of M/s BSR & Co. LLP highlighted improvements in audit practices, independence policies, and documentation ...

January 15, 2025 879 Views 0 comment Print

NFRA Inspection Report 2023 on MSKA & Associates Audit Quality

Company Law : NFRA's 2023 inspection of MSKA & Associates highlights audit deficiencies, governance issues, and non-compliance with standards. D...

January 15, 2025 852 Views 0 comment Print


Latest Judiciary


Breaking News: Delhi HC Stays NFRA’s SCN Against Engagement Quality Control Reviewer

Company Law : Delhi HC examines NFRA's jurisdiction in issuing show-cause notices to Engagement Quality Control Reviewers (EQCRs) under Section ...

February 5, 2025 7086 Views 0 comment Print

Delhi HC Denies Interim Relief on NFRA Penalties in Reliance Capital Audit

Corporate Law : Delhi High Court refuses interim relief against NFRA penalties imposed on CAs and CA firm in the Reliance Capital audit lapses cas...

May 17, 2024 5037 Views 0 comment Print

Delhi HC stays NFRA Proceedings on alleged Section 80JJA Report Misconduct by CA

Corporate Law : Delhi High Court halts NFRA proceedings against CA Unnikrishnan Menon, challenging show cause notice for irregularities in Quess C...

January 23, 2024 1608 Views 0 comment Print


Latest Notifications


NFRA Penalizes Statutory Auditor of Religare Finvest for Misconduct

Company Law : NFRA imposes Rs. 5 lakh penalty and 5-year debarment on CA Neeraj Bansal for professional misconduct during Religare Finvest Ltd's...

January 30, 2025 18381 Views 0 comment Print

NFRA Penalizes Auditors of DB Realty Ltd for Misconduct

Company Law : National Financial Reporting Authority (NFRA) has penalized CA Chetan Desai and CA Rakesh Rathi, partners at Haribhakti & Co. ...

December 23, 2024 5748 Views 0 comment Print

NFRA Penalizes Deloitte LLP and Partners for Audit Misconduct

Company Law : The National Financial Reporting Authority imposes penalties on Deloitte and auditors for misconduct in the ZEEL audit, resulting ...

December 23, 2024 10683 Views 0 comment Print

Disclaimer of Opinion not exempts auditors from statutory obligations: NFRA

Company Law : CA Chirag Doshi faces a ₹5 lakh penalty for professional misconduct in the statutory audit of Ushdev International Limited for F...

October 21, 2024 6765 Views 0 comment Print

NFRA Penalizes Venkatesh & Co. for Audit Misconduct in CDEL Case

Income Tax : NFRA imposes penalties on Venkatesh & Co. and debarment of partners for negligence during the audit of Coffee Day Enterprises Ltd,...

October 10, 2024 5310 Views 0 comment Print


Latest Posts in NFRA

NFRA Invites Applications for Chairperson & Members

March 4, 2025 198 Views 0 comment Print

Apply for Chairperson and Member positions at NFRA. Eligibility: 20-25 years of experience in accountancy, auditing, finance, or law. Last date: March 21, 2025.

NFRA Flags Audit Deficiencies at PwC Firms

February 14, 2025 6150 Views 0 comment Print

NFRA inspection of PwC firms (PWCA & PW& Co CA) reveals deficiencies in related party transaction verification and documentation, raising concerns about audit quality.

Breaking News: Delhi HC Stays NFRA’s SCN Against Engagement Quality Control Reviewer

February 5, 2025 7086 Views 0 comment Print

Delhi HC examines NFRA’s jurisdiction in issuing show-cause notices to Engagement Quality Control Reviewers (EQCRs) under Section 132(4)(c) of Companies Act, 2013.

NFRA Penalizes Statutory Auditor of Religare Finvest for Misconduct

January 30, 2025 18381 Views 0 comment Print

NFRA imposes Rs. 5 lakh penalty and 5-year debarment on CA Neeraj Bansal for professional misconduct during Religare Finvest Ltd’s FY 2017-18 audit.

NFRA Inspection Report 2023 on Lodha & Co. Audit Quality

January 15, 2025 14472 Views 0 comment Print

Summary of NFRA’s audit quality inspection of Lodha & Co., highlighting key deficiencies in audit documentation, independence policies, and quality control systems.

NFRA Inspection Report 2023: Audit Review of M/s BSR & Co. LLP

January 15, 2025 879 Views 0 comment Print

NFRA’s 2023 inspection of M/s BSR & Co. LLP highlighted improvements in audit practices, independence policies, and documentation controls while noting key deficiencies.

NFRA Inspection Report 2023 on MSKA & Associates Audit Quality

January 15, 2025 852 Views 0 comment Print

NFRA’s 2023 inspection of MSKA & Associates highlights audit deficiencies, governance issues, and non-compliance with standards. Detailed findings and areas for improvement.

NFRA Series on Audit Quality: ECL and Auditor-Audit Committee

January 15, 2025 843 Views 0 comment Print

NFRA highlights the ECL audit process under Ind AS 109, promoting better communication between auditors and audit committees for improved financial reporting quality

ICAI lacks authority to issue quality management standards: SG Tushar Mehta

December 31, 2024 1569 Views 0 comment Print

Legal opinion sought by NFRA on auditing standards, penalties, and regulatory roles in India. Analysis of NFRA’s powers under the Companies Act, 2013.

NFRA Penalizes Auditors of DB Realty Ltd for Misconduct

December 23, 2024 5748 Views 0 comment Print

National Financial Reporting Authority (NFRA) has penalized CA Chetan Desai and CA Rakesh Rathi, partners at Haribhakti & Co. LLP, for professional misconduct during the audit of DB Realty Limited (now Valor Estate Limited) for the financial year 2015-16. Following information provided by SEBI in 2022, NFRA initiated an examination revealing significant lapses in auditing […]

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