Audit Lapses: NFRA Debars 85 Chartered Accountants Till 2025
National Financial Reporting Authority ( NFRA ) debarred and imposed fines on 103 CAs from 2022 to 2025. It has debarred 85 Chartered Accountants...
![Supreme Court Permits NFRAs Audit Regulatory Proceedings Against CAs, Stays Execution of Final Orders [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2025/03/Supreme-Court-NFRAs-Audit-Regulatory-CAs-Stays-Execution-Final-Orders-taxscan.jpg "Supreme Court Permits NFRAs Audit Regulatory Proceedings Against CAs, Stays Execution of Final Orders [Read Judgement]")
NFRA to Select Audit Firms Handling Audits of Multiple Listed Companies for Next Phase of Inspection
The National Financial Reporting Authority ( NFRA ), is set to select and conduct a rigorous inspection of audit firms that handle large clients, particularly listed companies, in the next phase of...
Delhi HC upholds Constitutionality of S. 132 Companies and NFRA Rules in Challenge by CA Firms, quashes SCNs [Read Order]
The Delhi High Court recently rejected a challenge to the constitutional validity of Section 132(4) of the Companies Act, 2013, and Rules 3, 8, 10, and 11 of the National Financial Reporting...
“Independent” Auditor Faces Backlash after Self-Promoting as 'Modi Ji Ka Parivar' on Social Media, Removes Tag Amid Protests from CA Community
An independent auditor - Chartered Accountant ( CA ) has come under fire after being called out on social media platform X (formerly Twitter) for having the tagline "Modi Ka Parivar" (Modi's Family)...
Ushdev International Bank Fraud: NFRA Imposes Rs. 5 Lakh Penalty on UIL Auditor in Mumbai for Professional Misconduct [Read Order]
The National Financial Reporting Authority ( NFRA ) has imposed a penalty of ₹5 lakh on a Mumbai Chartered Accountant ( CA ), the statutory auditor of Ushdev International Limited (UIL), for...
Responsibilities of Principal Auditor and Other Auditors in Group Audits: NFRA issues Circular [Read Circular]
The National Financial Reporting Authority ( NFRA ) has issued a circular clarifying the responsibilities of Principal Auditors and Other Auditors in group audits, highlighting their roles in...
