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NFRA’s TCWG & Auditors Two-Way Communication Sounds Simple – However, Most Governance Structures Are Still Evolving to Achieve I

Company Law : The issue concerns ineffective communication between auditors and governance bodies despite existing legal requirements. NFRA clar...

April 27, 2026 834 Views 0 comment Print

NFRA Turns Enforcer: What CAs & Companies Must Know After 2026 Amendment

Company Law : The amendment introduces imprisonment for failure to comply with NFRA orders. Auditors now face criminal consequences beyond finan...

April 3, 2026 16056 Views 0 comment Print

NFRA Circular Flags Weak Auditor Communication: 2 Mandatory TCWG Meetings a Year

Company Law : The case highlights how inadequate communication between auditors and those charged with governance violates auditing standards. T...

January 14, 2026 4899 Views 0 comment Print

How Standards on Auditing and Ethics Reduce NFRA Penalties

CA, CS, CMA : CA. Shreyas Dharkar How Standards on Auditing, Guidance Notes, and Code of Ethics Collaboratively Reduce Punishments Imposed by NF...

April 27, 2025 1692 Views 0 comment Print

NFRA Flags Audit Lapses in Big Firms: Key Findings & Concerns

CA, CS, CMA : NFRA's latest inspection report highlights audit lapses in top firms, raising concerns over auditor independence, ICFR verificatio...

April 1, 2025 2397 Views 0 comment Print


Latest News


Provisional List of 1314 Audit Firms Missing NFRA-2 Filings for 2024-2025

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...

May 10, 2026 4869 Views 0 comment Print

NFRA issues Audit Quality Inspection Guidelines

Company Law : NFRA introduced guidelines to evaluate audit firms’ compliance and quality control systems. The framework emphasizes governance,...

May 1, 2026 801 Views 0 comment Print

NFRA Issues Guidance to Strengthen Audit of Provisions and Contingent Liabilities

Corporate Law : NFRA has released detailed guidance focusing on auditing provisions and contingent liabilities under Ind AS 37. It emphasizes impr...

April 1, 2026 648 Views 0 comment Print

NFRA Pulls Up Walker Chandiok & Co. LLP for Independence & Non-Audit Violations

Company Law : The issue involved auditor independence concerns arising from network relationships and control weaknesses. The report highlights ...

March 28, 2026 864 Views 0 comment Print

NFRA Flags Major Audit Lapses in Quality Inspection Report of Umamaheswara Rao & Co.

Company Law : NFRA identified serious deficiencies in audit quality, including poor documentation and weak independence checks. The report highl...

March 28, 2026 603 Views 0 comment Print


Latest Judiciary


RTI Act Provides Remedy for NFRA Compliance Queries: Delhi HC

Corporate Law : Delhi High Court dismisses Vivek Chhatre appeal against a single judges order. The case concerns the NFRA enforcement of accountin...

September 4, 2025 363 Views 0 comment Print

Delhi HC Dismisses CA’s Plea Against NFRA aligning with SC order

Corporate Law : The Delhi High Court dismisses a petition by a Chartered Accountant against an NFRA show cause notice, citing a recent Supreme Cou...

September 1, 2025 789 Views 0 comment Print

Writ against notice issued by NFRA not entertained

Company Law : Although this protection does not extend to civil consequences such as forfeiture of property, cancellation of licenses, or debarm...

July 28, 2025 1281 Views 0 comment Print

SC permits NFRA to continue audit regulatory proceedings against CAs

CA, CS, CMA : Supreme Court permits NFRA to continue audit regulatory proceedings against CAs where no final orders exist, but stays execution o...

April 17, 2025 1443 Views 0 comment Print

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 8541 Views 0 comment Print


Latest Notifications


Government Revises Part-Time Appointments to NFRA

Company Law : The Centre has amended rules governing part-time appointments to the national financial reporting regulator. The move updates the ...

January 13, 2026 552 Views 0 comment Print

Auditor–Board Communication Failures: NFRA issues Compliance Warning

Company Law : NFRA held that weak, undocumented communication between auditors and governance bodies violates auditing standards and governance ...

January 7, 2026 6150 Views 0 comment Print

NFRA Mandates Timely Submission of Audit Files to Preserve Integrity

Company Law : NFRA requires statutory auditors to assemble, archive, and submit audit files promptly, ensuring audit documentation is authentic,...

December 16, 2025 960 Views 0 comment Print

NFRA announces contract-based positions for MBAs, CAs, CMAs

CA, CS, CMA : NFRA seeks dynamic professionals for contract roles in finance, IT, and regulatory functions, offering exposure to financial repor...

December 10, 2025 912 Views 0 comment Print

Government Appoints New NFRA Chairperson, Members

Company Law : The Ministry of Corporate Affairs has appointed a new Chairperson and three full-time Members to the National Financial Reporting ...

August 27, 2025 618 Views 0 comment Print


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

June 21, 2024 1920 Views 0 comment Print

Explore NFRA’s order under Companies Act 2013 on CA Krishna Bihari Chaturvedi for audit misconduct at DHFL branches in FY 2017-18. Details on penalties and findings.

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

May 17, 2024 5472 Views 0 comment Print

Delhi High Court refuses interim relief against NFRA penalties imposed on CAs and CA firm in the Reliance Capital audit lapses case. Detailed analysis of the judgment provided.

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

May 16, 2024 12720 Views 0 comment Print

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

ICAI CCM Dhiraj Khandelwal clarifies on NFRA Order

April 30, 2024 10821 Views 0 comment Print

Delve into the NFRA order controversy with detailed analysis on penalty imposition, opinion disparities, and key issues. Gain insights from an industry veteran’s perspective.

NFRA Imposes ₹60 Lakh Penalty on CMIL Auditor & Debars Auditor for 2 Years

April 26, 2024 16374 Views 1 comment Print

NFRA issues Order against Krishna Neeraj & Associates and CA Krishna Kr Neeraj for professional misconduct in CMIL’s audit, imposing penalties and sanctions.

NFRA imposes ₹1.60 Crore Penalty on RHFL Auditors & Audit Firm

April 26, 2024 37941 Views 2 comments Print

National Financial Reporting Authority’s order penalizes M/s Dhiraj & Dheeraj and auditors for misconduct in the audit of Reliance Home Finance Limited.

Penalty & Debarment: NFRA rules Against PCN & Associates & CA Gopala Krishna Kandula

April 26, 2024 11088 Views 0 comment Print

Explore NFRA’s order penalizing PCN & Associates and CA Gopala Krishna Kandula for non-cooperation in statutory audit investigations, leading to professional misconduct under the Companies Act.

Overstatement of profits: NFRA imposes Rs. 5 Lakh Penalty on Auditors of Vikas WSP Limited

April 23, 2024 13581 Views 0 comment Print

Dive into the NFRA order against M/s S. Prakash Aggarwal & Co., revealing professional misconduct in auditing Vikas WSP Limited for FY 2019-20. Analysis, penalties, and implications discussed.

NFRA imposes penalty of 4.5 Cr on CA and CA Firm for Audit Lapses

April 12, 2024 78774 Views 0 comment Print

Explore the detailed order disposing of the show cause notice against M/s Pathak H.D. & Associates, CA Parimal Kumar Jha, and CA Vishal D Shah for professional misconduct in the audit of Reliance Capital Limited.

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

February 24, 2024 1356 Views 0 comment Print

Dive into NFRA detailed Financial Reporting Quality Review (FRQRR) of PSP Projects Ltd. Uncover high and low impact observations, compliance issues, and corrective measures

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