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NFRA

Latest Articles


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 921 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 1704 Views 0 comment Print

Coffee Day Global Limited (CDGL) – NFRA Orders & Auditing Standards

Company Law : Coffee Day Enterprises Limited (CDEL) operates in various sectors, including coffee retailing, logistics, financial services, and...

August 2, 2023 3066 Views 3 comments Print

Summary & Checklist for CAs to avoid NFRA penalty proceedings

Company Law : Stay compliant and avoid NFRA penalty proceedings with this summary and checklist for Chartered Accountants. Learn from the case o...

April 29, 2023 5835 Views 0 comment Print

Analysis of Recent Judgments by NFRA against Auditors

Company Law : Explore the recent judgments by NFRA against auditors in India. Learn from the analysis of violations, including unauthorized appo...

April 10, 2023 14706 Views 0 comment Print


Latest News


ICAI CCM Dhiraj Khandelwal clarifies on NFRA Order

Company Law : Delve into the NFRA order controversy with detailed analysis on penalty imposition, opinion disparities, and key issues. Gain insi...

April 30, 2024 10272 Views 0 comment Print

FRQRR Analysis: NFRA Review of PSP Projects Ltd. Financial Reporting Quality

Company Law : Dive into NFRA detailed Financial Reporting Quality Review (FRQRR) of PSP Projects Ltd. Uncover high and low impact observations, ...

February 24, 2024 714 Views 0 comment Print

RFP: Appointment of CA Firms/LLP/Proprietorship for NFRA’s Accounting & Taxation

CA, CS, CMA : Explore NFRA's RFP for Chartered Accountant firms/LLPs/Proprietorships to compile, verify books, handle taxation matters. Key date...

January 19, 2024 1797 Views 0 comment Print

MCA Unveils Draft Policy for Transparent Rule & Regulation Making

Corporate Law : Explore the Ministry of Corporate Affairs draft policy for pre-legislative consultation and a comprehensive review of rules and re...

January 16, 2024 489 Views 0 comment Print

NFAR Annual Report 2022-23

Company Law : The NFAR Annual Report for 2022-23 reflects a pivotal year marked by significant achievements and milestones. This comprehensive r...

January 13, 2024 1251 Views 0 comment Print


Latest Judiciary


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 4764 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 1161 Views 0 comment Print


Latest Notifications


NFRA Penalized Audit Firm & CA for negligence & inadequate due diligence

Corporate Law : Explore NFRA Order No. 019/2024 detailing penalties imposed on M/s Singh Ajay & Co. and CA Priyank Mittal for audit lapses in Vika...

July 5, 2024 702 Views 0 comment Print

NFRA Penalized Audit Firm & CA for Lapses in Conduct of Statutory Audit

Corporate Law : Explore NFRA Order No. 018/2024 on CA Yogesh Mahipal for audit misconduct findings and penalties under Companies Act 2013. Detaile...

July 5, 2024 162 Views 0 comment Print

NFRA Penalizes CA for professional misconduct in auditing DHFL branches

Company Law : Learn about NFRA action against CA Kashinath Chaturvedi for professional misconduct in auditing DHFL branches. Understand the find...

June 21, 2024 564 Views 0 comment Print

Audit misconduct at DHFL branches: NFRA imposes one-year debarment & Penalty

Company Law : Explore NFRA's order under Companies Act 2013 on CA Krishna Bihari Chaturvedi for audit misconduct at DHFL branches in FY 2017-18....

June 21, 2024 570 Views 0 comment Print

NFRA Penalizes RCFL Auditors with ₹2.5 Crore Fine for Audit Misconduct

Company Law : The NFRA fines Shridhar & Associates and CA Ajay Vastani for professional misconduct in auditing RCFL's financials for FY 2018-19....

May 16, 2024 11178 Views 0 comment Print


NFRA Imposes 10-Year Ban, Rs. 20 Lakh Penalty on CA for Professional Misconduct

January 5, 2024 31740 Views 0 comment Print

NFRA imposed a monetary penalty of Rs Twenty Lakhs on CA Anil Chauhan and debarred for ten years from being appointed as auditors for non-compliance in Seya Industries Limited’s audit.

NFRA Penalizes CA Rs 50 Lakhs for Misconduct in Section 80JJA Report

January 3, 2024 51666 Views 0 comment Print

NFRA issues order penalizing CA Pawan Jain and Mis Kumar Jain & Associates for lapses in issuing reports under Income Tax Act for Quess Corp Ltd.

Walker Chandiok & Co LLP – NFRA Inspection Report on audit quality

December 30, 2023 2049 Views 0 comment Print

Explore the detailed insights from Inspection Report 132.2-2022-05 on Walker Chandiok & Co. LLP. Understand key observations, compliance issues, and implications for audit quality.

NFRA Inspection 2022: Analysis of Price Waterhouse LLP Audit Compliance

December 26, 2023 2406 Views 0 comment Print

Explore NFRA’s audit inspection report on Price Waterhouse Chartered Accountants LLP. Detailed analysis of audit compliance, key observations, and implications.

SRBC & Co. LLP Audit Inspection Report 2022: NFRA Findings Revealed

December 26, 2023 1329 Views 0 comment Print

Explore detailed NFRA Inspection Report 2022 on SRBC & Co. LLP. Key findings include audit documentation, leadership structure, and compliance issues. Get insights now

Deloitte Haskins & Sells LLP Audit Quality Inspection 2022 Report

December 26, 2023 2436 Views 0 comment Print

Explore NFRA Inspection Report 2022 on Deloitte Haskins & Sells LLP, uncovering critical audit quality assessments, non-compliance issues, and recommendations for improvement.

NFRA Inspection Report 2022: Key Observations on B S R & Co. LLP’s Audit Quality

December 26, 2023 1902 Views 0 comment Print

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 debars S. Kumars Nationwide Limited auditor for 5 years & imposes penalty

December 20, 2023 4992 Views 0 comment Print

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.

Lapses in audit: NFRA imposes Penalties and Sanctions on CA

December 5, 2023 1857 Views 0 comment Print

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 penalises and debarred auditor for lapses in DHFL audit

December 5, 2023 1314 Views 0 comment Print

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.

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