Company Law : The Order No. 002/2024 Date: 05.01.2024, centered around CA Anil Chauhan, the Engagement Partner (EP) of Anil Chauhan & Associates...
Company Law : Explore the implications of recent debarments by the National Financial Reporting Authority (NFRA) on Chartered Accountants and fi...
Company Law : Coffee Day Enterprises Limited (CDEL) operates in various sectors, including coffee retailing, logistics, financial services, and...
Company Law : Stay compliant and avoid NFRA penalty proceedings with this summary and checklist for Chartered Accountants. Learn from the case o...
Company Law : Explore the recent judgments by NFRA against auditors in India. Learn from the analysis of violations, including unauthorized appo...
Company Law : Delve into the NFRA order controversy with detailed analysis on penalty imposition, opinion disparities, and key issues. Gain insi...
Company Law : Dive into NFRA detailed Financial Reporting Quality Review (FRQRR) of PSP Projects Ltd. Uncover high and low impact observations, ...
CA, CS, CMA : Explore NFRA's RFP for Chartered Accountant firms/LLPs/Proprietorships to compile, verify books, handle taxation matters. Key date...
Corporate Law : Explore the Ministry of Corporate Affairs draft policy for pre-legislative consultation and a comprehensive review of rules and re...
Company Law : The NFAR Annual Report for 2022-23 reflects a pivotal year marked by significant achievements and milestones. This comprehensive r...
Corporate Law : Delhi High Court refuses interim relief against NFRA penalties imposed on CAs and CA firm in the Reliance Capital audit lapses cas...
Corporate Law : Delhi High Court halts NFRA proceedings against CA Unnikrishnan Menon, challenging show cause notice for irregularities in Quess C...
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...
Corporate Law : Explore NFRA Order No. 018/2024 on CA Yogesh Mahipal for audit misconduct findings and penalties under Companies Act 2013. Detaile...
Company Law : Learn about NFRA action against CA Kashinath Chaturvedi for professional misconduct in auditing DHFL branches. Understand the find...
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....
Company Law : The NFRA fines Shridhar & Associates and CA Ajay Vastani for professional misconduct in auditing RCFL's financials for FY 2018-19....
Explore the recent judgments by NFRA against auditors in India. Learn from the analysis of violations, including unauthorized appointments, false reporting, lack of testing, document retention, fraud possibilities, and more. Stay informed on the quality enhancement measures taken by NFRA to ensure compliance in the auditing and accounting profession.
Instances of non-compliance with Indian Accounting Standards (Ind ASs) on Accounting Policies for measurement of Revenue from Contracts with Customers and Trade Receivables
NFRA undertook Financial Reporting Quality Review of Standalone Financial Statements of PSP Projects Ltd. on the basis of NFRA’s statistical sampling approach.
Explore the responsibilities of auditors under the National Financial Reporting Authority (NFRA) in India. NFRA ensures fairness, transparency, and prevents corporate frauds by setting accounting and auditing standards. Auditors are expected to maintain independence, report irregularities, and comply with NFRA guidelines, contributing to a disciplined and transparent corporate sector. Stay informed about the key duties of auditors for investor protection.
As a step towards enhancing the transparency about management and governance of audit firms and their internal policy framework to ensure high quality audits and preventing conflict of interest by maintaining independence, the National Financial Reporting Authority (NFRA) has published draft requirements regarding preparation and publication of Annual Transparency Report (ATR) by auditors/audit firms. These […]
Understanding NFRA and its provisions under the Companies Act, 2013. Learn about the powers and duties of the National Financial Reporting Authority.
Learn about NFRA Annual Return and its significance for auditors in India. Discover the rules and requirements for filing form NFRA-2.
The National Financial Reporting Authority (NFRA) has published its audit quality inspection guidelines as a step towards further improving the quality of audit profession. The inspection guidelines are on the lines of the best practices followed by International Audit Regulators. In fact, Audit quality inspections are integral to the functioning of independent audit regulators, world-wide. […]
NFRA Circular on Non-Accrual of interest on borrowings by the companies in violation of Indian Accounting Standards (Ind AS) It has come to the attention of the NFRA during a disciplinary action under section 132(4) of the Act for professional misconduct of the statutory auditor (CA Som Prakash Aggarwal) of a listed company (Vikas WSP […]
1) Rule 5 of NFRA Rules 2018 (as amended from time to time) auditors of class of companies specified in Rule 3 of the above referred Rules are required to file with NFRA an annual return in specified form viz. NFRA-2, on or before 30th November every year. However, in order to provide sufficient time, […]
