nfra - Newz Baba

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…

SC underlines want for separation of investigation and adjudication in NFRA proceedings

Newz BabaFebruary 18, 202508 mins

NEW DELHI: The Supreme Courtroom on Monday underscored the need of separating investigative and adjudicatory features throughout the Nationwide Monetary Reporting Authority (NFRA) to uphold regulatory impartiality, even because it admitted an attraction by NFRA towards the Delhi excessive court docket’s verdict that quashed present trigger notices issued to auditing companies Deloitte Haskins & Sells…

NFRA appears to spice up audit high quality

Newz BabaJanuary 13, 202501 mins

New Delhi: To boost the high quality and the extent of interactions between auditors and corporations’ audit committees, NFRA chief Ajay Bhushan Prasad Pandey has stated the watchdog plans to come back out with six to seven papers having units of questions that may cowl varied features of statutory audits. “The papers may even assist…