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...
![Audit Lapses: NFRA Bars Auditor of Bartronics India for 10 Years, Imposes Fine of 5 Lakh Rupees [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Audit-Lapses-NFRA-Bars-Auditor-Bartronics-India-for-10-Years-Imposes-Fine-of-5-Lakh-Rupees-Taxscan.jpg "Audit Lapses: NFRA Bars Auditor of Bartronics India for 10 Years, Imposes Fine of 5 Lakh Rupees [Read Order]")
Non Recognition of Interest Cost on Borrowings as Non-Performing Assets Amounts to Gross Violation of Professional Misconduct: NFRA Imposes 1 Lakh Fine on CA
The National Financial Reporting Authority (NFRA) has held that non-recognition of interest cost on borrowings as non-performing assets amounts to a gross violation of professional misconduct and...
Non-Adherence of Standards of Auditing: NFRA Imposes Fine of Rs 15 Lakhs in Total and Debars Two Chartered Accountants for 15 years in Total [Read Order]
The National Financial Reporting Authority (NFRA) imposed a fine of Rs 15 Lakhs in total and debarred two Chartered Accountants for 15 years in total on the ground of non-adherence to Standards of...
CA Fails to report Non-Compliance with Format of Financial Statements with Other Professional Misconduct: NFRA imposes Rs. 1 Lakh Penalty [Read Order]
The National Financial Reporting Authority (NFRA) imposed Rs. 1 lakh penalty on a Chartered Accountant CA Gautam Guha who failed to report the non-compliance of the company with the format of the...
NFRA issues Circulars on Statutory Auditors’ Responsibilities in relation to Fraud in a Company [Read Circular]
The National Financial Reporting Authority (NFRA) addressing the Auditors of the Entities, issued a circular on 26th June 2023 regarding the responsibilities of the Statutory Auditors in relation to...
BREAKING: Audit of Shell Companies: NFRA Imposes 1 Crore Penalty and 2 Years Ban on CA Firm for Professional Misconduct [Read Order]
The National Financial Reporting Authority (NFRA) has banned the Chartered Accountants Firm Sundaresha and Associates for a period of two years from audit. The NFRA has also imposed a hefty penalty...
NFRA debars CA from Audits for 5 Years and imposes Penalty for Professional Misconduct u/s 132(4)(2) of Companies Act [Read Notification]
The National Financial Reporting Authority (NFRA) imposed a monetary penalty of Five Lakhs upon a Chartered Accountant for professional misconduct. In addition, the CA Rakesh Puri was debarred for...
