NATIONAL FINANCIAL REPORTING AUTHORITY
Why is NFRA report on IL&FS and ITNL forcing the Indian auditing industry to bring in more transparency
SRBC & Co has resigned as the auditor of IL&FS. It comes after the Audit regulator National Financial Reporting Authority, in its audit quality review report in the case of IL&FS Transportation Networks Limited (ITNL), has pulled up SRBC & Co, par...
Indians' funds in Swiss banks: FinMin refutes news reports, seeks details from Switzerland authorities
The Finance Ministry on Saturday refuted claims that funds of Indians in Swiss Banks have risen to over Rs 20,700 crore in 2020, the highest figure of deposits in the last 13 years. The ministry said that the media reports allude to the fact that t...
NFRA not meant to replace ICAI jurisdiction: Jaitley
"NFRA is not intended to replace the disciplinary jurisdiction of the ICAI. Bulk of the cases will continue to be under the procedure of the Institute of Chartered Accountants. The jurisdiction of NFRA for investigation of chartered accountants and their firms would, in the first instance, extend ...
