NFRA

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The Government has notified the National Financial Reporting Authority (Manner of appointment and other terms and conditions of service of Chairperson and members Rules, 2018. The rules prescribes provisions relating to composition of Authority, manner of appointment, Procedure for inquiry of misbehavior of incapacity of the chairperson or a member, Term of office and Salary…

Read More Govt. notifies norms for appointment of Chairperson and members of NFRA

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The new watchdog for auditors : India approved the draft rules for establishing a new body to oversee auditing and accounting standards in India. The National Financial Reporting Authority will comprise a chairman and up to 15 members, and will cover listed and large unlisted companies. Finance Minister Arun Jaitley said in a media briefing.…

Read More No CA be a part in Govt’s new Regulatory – NFRA members will be Retired Govt Officials

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India approved the draft rules for establishing a new body to oversee auditing and accounting standards in India. The National Financial Reporting Authority will comprise a chairman and up to 15 members, and will cover listed and large unlisted companies. Finance Minister Arun Jaitley said in a media briefing. The existing self-regulatory body, Institute of…

Read More Break to ICAI – Cabinet Approves NFRA