national financial reporting authority

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…

SC permits audit regulator’s proceedings towards CAs

Newz BabaMarch 24, 2025March 24, 202503 mins

NEW DELHI: The Supreme Courtroom has allowed audit regulator Nationwide Monetary Reporting Authority (NFRA) to proceed its proceedings towards chartered accountants and companies the place no audit high quality assessment experiences have been ready and last orders are but to be handed.Throughout a listening to in a case difficult an order handed by the Delhi…

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…