NFRA’s AQRR on CA Firm SRBC & Co. LLP (IL&FS Audit 2017-18)
NFRA has released its Audit Quality Review Report (AQRR) dt. 22/06/2022, pointing out gross violations in Statutory Audit of IL&FS in respect of Financial Year 2017-18 conducted by CA …
Tag: NFRA
NFRA Penalises CA Gulshan Jagdish Jham (PSIL Audit 2019-20)
NFRA has issued Order dt. 21/06/2022 imposing a Penalty of Rs. 1 Lac on CA Gulshan Jagdish Jham (ICAI Membership No. 408315) and debarring him from taking audit assignments …
Ajay Bhushan Pandey appointed as NFRA Chairman
As per ET News reports, Appointments Committee of the Cabinet (ACC) of the Government of India has appointed former finance secretary Sh. Ajay Bhushan Pandey as the Chairman of …
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 …
NFRA’s Consultation Paper on Review of Statutory Audit Requirement for MSMCs
NFRA has issued ‘Consultation Paper’ to review the requirement of compulsory statutory audit and compliance with auditing standards for all companies irrespective of their size and/ or public interest, …
NFRA Comments on ICAI’s Regulatory Impact Assessment (RIA) for revision of Accounting Standards
NFRA has published its comments on the Regulatory Impact Assessment (RIA) conducted by ICAI for revision of existing Accounting Standards for adherence by the micro entities which are not …
NFRA’s Financial Reporting Quality Review Report (FRQRR): KIOCL Ltd. (FY: 2019-20)
NFRA has issued a 'Financial Reporting Quality Review Report (FRQRR)' in respect of 'KIOCL Ltd.' for the FY 2019-20, wherein certain 'High Impact Non-compliances' of the Accounting Standards have …
NFRA’s Audit Quality Review (AQR) Report: IL&FS Transportation Networks Limited (FY 2017-18)
NFRA has issued Audit Quality Review (AQR) report of statutory audit of IL&FS Transportation Networks Limited (ITNL) for FY 2017-18, which includes significant conclusions of NFRA on lapses in …
NFRA Rules, 2018 notified by MCA
MCA notifies the National Financial Reporting Authority (NFRA) Rules, 2018, which inter-alia includes provisions relating to Classes of companies to be governed by NFRA along with its Functions and …