NFRA Reviews Ind AS 117: A New Era for Insurance Accounting
NFRA examines proposals for Ind AS 117, a new insurance accounting standard based on IFRS 17, set to revolutionize transparency and reporting in the Indian insurance industry.
Tag: NFRA
NFRA to prescribe Annual Transparency Report by PIE Auditors
The NFRA has requested feedback on the proposed new requirement of publishing an annual transparency report (ATR) by the statutory auditors of NFRA-regulated public interest entities (PIEs) from Financial …
NFRA planning Digilocker for Audit Files to avoid KPMG-like tampering
The National Financial Reporting Authority (NFRA) of India is reportedly proposing to establish a method for auditors that would assist them in keeping their audit documentation files and information …
Good Corporate Governance is Rewarded by Investors: NFRA Chairperson
The Chairperson of the National Financial Reporting Authority (NFRA), Dr. Ajay Bhushan Prasad Pandey, stated here today that good governance is rewarded by investors, while he was speaking at …
NFRA releases Audit Quality Inspection Guidelines
To further raise the calibre of the audit profession, the National Financial Reporting Authority (NFRA) has released its audit quality inspection guidelines, for adherence by the Inspection teams. The …
Companies Not Accruing Interest on NPA Borrowings are Violating IND AS: NFRA Circular
NFRA has issued a Circular/ Advisory against Companies not accruing the Interest Liability on NPA Borrowings in violation of the IND AS 109. During a disciplinary proceeding u/s 132(4) …
List of Audit Firms failed to file Annual Return Form NFRA-2
NFRA has published lists of audit firms/auditors who have failed to file the mandatory Annual Return in ‘e-Form NFRA-2’, within the timeline allowed for the reporting periods 2018-19 and …
NFRA Rules, 2018 with MCA Notifications on Amendments upto 2022
MCA has notified the ‘National Financial Reporting Authority (NFRA) Rules, 2018’ and subsequent amendments on the provisions relating to classes of companies governed by NFRA and its functions/duties. The …
NFRA’s FRQR Report on Financial Statements of Prabhu Steels Industries Ltd. (FY: 2019-20)
The National Financial Reporting Authority (NFRA) has issued ‘Financial Reporting Quality Review (FRQR)’ Report in the case of Financial Statements of M/s Prabhu Steels Industries Limited (PSIL) for FY …
ICAI Concerns over NFRA Consultation Paper on Review of Audit Requirement
ICAI has expressed it’s concerns over sensitive issues, like ‘NFRA Consultation Paper on Review of Audit Requirement in the case of MSMCs’, returning of ‘ICAI’s Approach Paper 2020 on …