Company Law : The issue concerns ineffective communication between auditors and governance bodies despite existing legal requirements. NFRA clar...
Company Law : The amendment introduces imprisonment for failure to comply with NFRA orders. Auditors now face criminal consequences beyond finan...
Company Law : The case highlights how inadequate communication between auditors and those charged with governance violates auditing standards. T...
CA, CS, CMA : CA. Shreyas Dharkar How Standards on Auditing, Guidance Notes, and Code of Ethics Collaboratively Reduce Punishments Imposed by NF...
CA, CS, CMA : NFRA's latest inspection report highlights audit lapses in top firms, raising concerns over auditor independence, ICFR verificatio...
Company Law : Provisional list of audit firms of listed companies yet to file NFRA-2 for 2023-24. Filing deadline was 30.11.2025; fines apply fo...
Company Law : NFRA introduced guidelines to evaluate audit firms’ compliance and quality control systems. The framework emphasizes governance,...
Corporate Law : NFRA has released detailed guidance focusing on auditing provisions and contingent liabilities under Ind AS 37. It emphasizes impr...
Company Law : The issue involved auditor independence concerns arising from network relationships and control weaknesses. The report highlights ...
Company Law : NFRA identified serious deficiencies in audit quality, including poor documentation and weak independence checks. The report highl...
Corporate Law : Delhi High Court dismisses Vivek Chhatre appeal against a single judges order. The case concerns the NFRA enforcement of accountin...
Corporate Law : The Delhi High Court dismisses a petition by a Chartered Accountant against an NFRA show cause notice, citing a recent Supreme Cou...
Company Law : Although this protection does not extend to civil consequences such as forfeiture of property, cancellation of licenses, or debarm...
CA, CS, CMA : Supreme Court permits NFRA to continue audit regulatory proceedings against CAs where no final orders exist, but stays execution o...
Company Law : Delhi HC examines NFRA's jurisdiction in issuing show-cause notices to Engagement Quality Control Reviewers (EQCRs) under Section ...
Company Law : The Centre has amended rules governing part-time appointments to the national financial reporting regulator. The move updates the ...
Company Law : NFRA held that weak, undocumented communication between auditors and governance bodies violates auditing standards and governance ...
Company Law : NFRA requires statutory auditors to assemble, archive, and submit audit files promptly, ensuring audit documentation is authentic,...
CA, CS, CMA : NFRA seeks dynamic professionals for contract roles in finance, IT, and regulatory functions, offering exposure to financial repor...
Company Law : The Ministry of Corporate Affairs has appointed a new Chairperson and three full-time Members to the National Financial Reporting ...
Explore NFRA’s audit inspection report on Price Waterhouse Chartered Accountants LLP. Detailed analysis of audit compliance, key observations, and implications.
Explore detailed NFRA Inspection Report 2022 on SRBC & Co. LLP. Key findings include audit documentation, leadership structure, and compliance issues. Get insights now
Explore NFRA Inspection Report 2022 on Deloitte Haskins & Sells LLP, uncovering critical audit quality assessments, non-compliance issues, and recommendations for improvement.
Explore the National Financial Reporting Authority’s (NFRA) latest inspection report on M/s B S R & Co. LLP for the year 2022. Uncover key observations, including non-compliance issues and areas for improvement in audit quality.
NFRA has debarred auditor of S. Kumars Nationwide Limited (SKNL) for a period of five years. This decision comes as a result of investigations conducted under Section 132(4) (c) of Companies Act, 2013.
NFRA issues Order under Section 132(4) of Companies Act, 2013 against CA Amit Vinay Chaturvedi for lapses in DHFL audit. Penalties imposed and sanctions applied
NFRA issues Order under Section 132(4) of Companies Act, 2013 against CA Jignesh Mehta for lapses in DHFL audit. Penalties imposed and sanctions applied.
NFRA imposes Rs.5 Lakh penalty and 5-year debarment on CA Nilesh Chheda, auditor of MAN Industries (India) Limited, for significant lapses in statutory audit, including failure to report material misstatements and sub-standard audit work. Details of the order and findings revealed in this comprehensive article by the Government of India’s National Financial Reporting Authority.
NFRA imposes penalties on Audit Firm M/s Ashok Holani & Co. for audit misconduct in Lexus Granito India Limited case.
Introduction: The National Financial Reporting Authority (NFRA), under the authority of the Government of India, has issued Order No. 58/2023 dated 29.09.2023, which pertains to the statutory audit of Sobha Ltd for the Financial Year (FY) 2017-18 and 2018-19. The order addresses lapses in the conduct of the audit and charges of professional misconduct against […]
