NFRA can Check Pre-Formation Audit Misconducts, Superior than ICAI: NCLAT
The NCLAT ruled that the NFRA can investigate audit misconduct that occurred before its formation, and it also declared that the reporting authority is superior to the ICAI.
By Navasree A.M - On December 3, 2023 3:05 pm - 2 mins read
The Delhi bench of National Company Appellate Law Tribunal (NCLAT) has ruled that the National Financial Reporting Authority (NFRA) required the jurisdiction of retrospection to probe the audit misconducts. The 4 appeals were filed by the Engagement Partners (EP) of Dewan Housing Finance Limited (DHFL) contesting the orders passed by the NFRA. All four Appellants…
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