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, ...

Solicitor General Tushar Mehta's backing of ... on quality control at the level of the audit firm as per global practices. Later in the month, it proposed similar changes for audit norms of ...

(Image/PTI) The National Financial Reporting Authority’s (NFRA’s) move to notify the standards on quality management (SQM) through the ministry of corporate affairs (MCA) is unnecessary ...

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

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 ...

(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 ...

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.

This legal assessment supports NFRA's position, which disputes ICAI's jurisdiction over these matters. Standard on Quality Management ... "ICAI can’t amend audit norms without approval: SGI ...