National Financial Reporting Authority (NFRA) Subject – Economy Context – Accounting regulator raps EY arm’s audit of IL&FS firm Concept – To know more about NFRA, please click here.

    National Financial Reporting Authority (NFRA) Subject – Economy Context – ‘NFRA needs to have standalone legislation Concept – The NFRA may take action against auditors for professional misconduct but when it came to other functionaries of a company who have the responsibility for financial reporting, penal powers continue to be vested with the […]

    NATIONAL FINANCIAL REPORTING AUTHORITY (NFRA) Subject : National Organisations Context :NFRA has invited suggestions from public on consultation paper on NFRA’s engagement with its stakeholders. Concept : NFRA is an independent regulatory body set up under Section 132 of the Companies Act. It was established by the Central Government in October 2018. After […]