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NFRA Finds Audit Lapses at Six Firms, including Deloitte and Walker Chandiok

India’s audit regulator, the National Financial Reporting Authority (NFRA), has intensified its scrutiny of the country’s largest audit firms,...

NFRA to Inspect Audits of 35 - 40 Companies in FY 26

MCA Amends Appointment of NFRA Part-Time Members Rules [Read Notification]

How Auditors must Communicate with Audit Committee/TCWG: NFRA Issues Circular, Complete Details...

NFRA Issues Second Audit Practice Toolkit on ROMM Assessment to Strengthen Audit Quality for Small &...

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 and, in recent years, by NFRA. Disciplinary...

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

The National Financial Reporting Authority ( NFRA ), India’s auditing regulator has not issued a single disciplinary action for the last 10 months, with its latest publicly published order dating...

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

The National Financial Reporting Authority (NFRA) has intensified its standard-setting and audit-quality initiatives, with the Ministry of Corporate Affairs informing Parliament that the regulator...

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

Audit in India has evolved into a statutory, governance-critical function that goes far beyond the verification of books. With increase in complex corporate structures and financial irregularities,...

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

The National Financial Reporting Authority ( NFRA ) has carried out 19 major reviews and inspections over the last five financial years, according to data presented before the Lok Sabha. As ...

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...