The NFRA order concluded that the auditors failed to meet the relevant requirements of the standards of auditing (SAs) and violated the Companies Act with respect to certain significant related ...

The NFRA is an independent regulator of statutory auditors, set up under the Companies Act. It is led by Ajay Bhushan Pandey, who was previously India’s finance secretary. NFRA also has two othe ...

even though the audit firm had amended its policy in February 2020 to voluntarily restrict the provision of all non-audit services to the holding companies of NFRA-governed entities; NFRA said ...

Auditing of companies have improved in the last three to four years, NFRA chief Ajay Bhushan Prasad Pandey has said and highlighted the need for board as well as audit committee members to engage ...

NFRA said prima facie auditors had not discharged their professional duties under the Companies Act as well as the Standards on Auditing (SA). In its 30-page order dated December 23, NFRA said ...

The NFRA, in collaboration with the Indian Institute of Corporate Affairs, plans to introduce courses to upgrade auditors' knowledge, especially for those auditing large, listed companies.

Thereafter, the regulator suo moto initiated an examination into the professional conduct of the statutory auditors of DB Realty Ltd (DBRL) under the Companies Act, 2013. Separately, NFRA imposed a ...

ZEEL Chairman and promoter of Essel Group of Companies committed Rs 200 crore fixed deposit to Yes Bank through a letter for loans guaranteed for Essel Green Mobility Ltd, according to NFRA.

Thereafter, the regulator suo moto initiated an examination into the professional conduct of the statutory auditors of DB Realty Ltd (DBRL) under the Companies Act, 2013. Advt Separately, NFRA imposed ...