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What Constitutes Due Diligence in CA Profession? Explained with Professional Misconduct Cases

Due diligence in the Chartered Accountancy profession is not an abstract idea. It is a legally enforceable standard, interpreted repeatedly by ICAI...

Audit Regulator Falls Silent: Why has NFRA Not Released any Disciplinary Orders Since February?

NFRA’s Pushes 44 Ind AS Notifications & 40 Revised Audit Standards, says MCA

Corporate Fraud and Audit Accountability: Understanding India’s Regulatory and Judicial Framework

NFRA Conducted 19 Major Audit & Reporting Reviews in Five Years: Reports [Read Order]

NFRA Chief Flags Governance Lapses, Seeks Stronger Audit Oversight and Self-Regulation

The National Financial Reporting Authority (NFRA) has raised concerns over persistent weaknesses in corporate governance practices across Indian companies and called for improved audit disclosures, ...

Important Update for Auditors: File NFRA-2 Form within the Next 4 Days, Know Complete Filing Details

Who all should file NFRA 2 Form The auditors who are auditing following companies has to file the form: All listed companies- whether listed in India or abroad. Large unlisted...

NFRA Announces Webinar on Impairment of Assets: Find Schedule of Technical Sessions

The National Financial Reporting Authority ( NFRA ) has announced an upcoming webinar on “Impairment of Assets - Ind AS 36”, set to take place on Wednesday, 26 November 2025. The session...

NFRA Launches Toolkits to Improve Audit Quality and Support Small & Medium Accounting Firms [Read Memorandum]

The National Financial Reporting Authority (NFRA) has released a new audit toolkit to help small and medium-sized accounting firms improve the quality of their audit work. The toolkit focuses on how...

Govt to Amend Companies Act in Winter Session for Faster Mergers, E-Documentation and Stronger Corporate Oversight

The government is planning to amend the Companies Act during the upcoming winter session of Parliament to make India’s corporate laws more digital, efficient, and business-friendly, according to ...

Major Korean Accounting Firms Prioritize Consulting Over Audits, Raising Independence Concerns: Could India Face the Same Risk?

Major accounting firms in South Korea are being criticized for focusing more on consulting than on traditional auditing. Regulators there have warned that this growing dependence on non-audit...

India to Build Its Own Big Four! Govt Encourages Domestic Firms to Partner Globally

The Indian government is preparing a major push to strengthen the country’s accounting and auditing sector by helping local firms expand and compete on the world stage. The goal is to build India’s ...