auditors diary - Newz Baba

NFRA urges auditors to strengthen identification, disclosure, and fraud prevention in associated occasion transactions audits, ETCFO

Newz BabaApril 10, 202507 mins

The Nationwide Monetary Reporting Authority (NFRA) has launched its Auditor-Audit Committee Interplay Collection 3, urging auditors to boost their concentrate on the identification, disclosure, and fraud prevention related to associated occasion transactions (RPTs). The report emphasizes the rising significance of transparency and regulatory compliance in managing these transactions. Elevated Scrutiny Required for Associated Get together…

BJP, Congress differ over tax audit roles in Earnings Tax Invoice; FM assures overview by choose committee, ETCFO

Newz BabaMarch 14, 2025March 14, 202508 mins

In a key assembly with Finance Minister Nirmala Sitharaman this week, Chartered Accountant (CA) Nitin Bansal, the State President of the Bharatiya Janata Occasion (BJP) CA Cell in Haryana, strongly urged the federal government to take care of the unique position of Chartered Accountants in conducting tax audits beneath the proposed Earnings Tax Invoice, 2025….

NFRA report flags audit lapses at PwC corporations, highlights associated occasion transaction and independence issues; corporations decide to enhancements, ETCFO

Newz BabaFebruary 18, 2025010 mins

In a major improvement, the Nationwide Monetary Reporting Authority (NFRA) has printed its 2023 audit inspection report on two outstanding audit corporations, Worth Waterhouse Chartered Accountants LLP (PWCA) and Worth Waterhouse & Co Chartered Accountants LLP (PW & Co CA). The inspection reveals main lapses in auditing practices, with a selected concentrate on weaknesses within…

Business

We can not afford to attend a long time for sustainability requirements, the time to behave is now,” says ACCA Chief, ETCFO

Newz BabaJanuary 15, 202509 mins

Helen Model, Chief Government of the Affiliation of Chartered Licensed Accountants (ACCA) Helen Model, Chief Government of the Affiliation of Chartered Licensed Accountants (ACCA), a worldwide accounting physique, has referred to as for stronger moral requirements and the adoption of worldwide frameworks to assist accountants navigate a quickly evolving enterprise panorama. She additionally highlighted the…