NFRA Issues Guidelines on Auditing of Accounting Estimates and Judgments
The National Financial Reporting Authority ( NFRA ) has released comprehensive guidelines aimed at enhancing audit quality and reinforcing the role...
Audit Lapses: NFRA Bars Auditor of Bartronics India for 10 Years, Imposes Fine of 5 Lakh Rupees [Read Order]
The National Financial Reporting Authority (NFRA) barred the auditor of Bartronics India for 10 Years, Imposes Fine of 5 Lakh Rupees on the ground of audit lapses. Pursuant to the information...
![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]")
NFRA Imposes 1 Lakh Fine on CA for Failure in Maintaining Standard Quality in Verifying Financial Statements [Read Order]
The National Financial Reporting Authority (NFRA) imposed a 1 Lakh fine on Chartered Accountants (CA) for failure in maintaining Standard Quality in verifying financial statements. CA Riya Agarwal...
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...
