The confirmation comes after the ICAI's recent introduction of new SQMs to modify auditing standards in October 2024.

The National Financial Reporting Authority (NFRA) has identified lapses in the audit practices of MSKA & Associates, ...

After detailed discussions, NFRA board voted eight-three for aligning several audit standards (SA) with global norms and ...

The NFRA has fined Deloitte Haskins & Sells LLP Rs 2 crore and imposed penalties on two auditors for failing in their audit ...

Auditors, including the Big Four, may come under stringent scrutiny by the National Financial Reporting Authority (NFRA) for providing “non-audit ... guidance note, which complies with the norms ...

NFRA has also imposed a penalty of ₹5 lakh on Rakesh Sharma, Engagement Quality Control Review (EQCR) Partner, and debarred him from undertaking any audit work of a corporate for three years.

(Reuters) Mumbai/New Delhi: The National Financial Reporting Authority (NFRA) has penalised audit ... the order showed. And the audit quality control partner, who has been debarred for three ...

Similarly, the Para 18 of Standard on Quality ... NFRA had highlighted that firms were violating the norms, and the regulator had also asked the firms to beef up their policies around non-audit ...

Pandey emphasised the importance of board and audit committee members engaging with auditors to raise red flags and prevent corporate failures. The NFRA, established in October 2018, has issued ...

Jani was the Engagement Partner (EP), and Sharma was the Engagement Quality Control Review (EQCR) Partner for the audit of the company for 2018-19 and 2019- 20. In its probe, NFRA found Deloitte ...

The authority has decided to recommend 40 SAs and related SQMs for the audit of LLPs on a mutatis mutandis basis. Of the eight NFRA members attending the meeting, seven members, including ...

The National Financial Reporting Authority (NFRA) has imposed a fine ... Rakesh Sharma was the Engagement Quality Control Review (EQCR) Partner for the audit of the company for 2018-19 and 2019 ...