Submitted report on autonomy, proposals must enable NFRA to spread its wings: NFRA’s TAC Chair
Illustration by Manali Ghosh
Synopsis
In October 2022, NFRA’s technical advisory committee (TAC) submitted a report that ‘presents a legal framework that would ensure NFRA’s functional, financial and administrative autonomy’. ET Prime spoke to TAC’s Chair R Narayanswamy to understand the contours of the report.
Professor R Narayanaswamy, a chartered accountant by qualification and an academic by profession, has worn many hats in his four decades-long career. The latest one as the chair of Technical Advisory Committee (TAC) of National Financial Reporting Authority (NFRA) has given him a perch on much-needed reforms in India's audit sector and has pitted him against his alma mater the Institute of Chartered Accountants of India (ICAI). Retired from IIM
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