Search result for 'auditing standard'

The Government of India has invited applications for the post of Chairperson and three full-time members in the National Financial Reporting Authority (NFRA). Apply by March 3.

NFRA plans to release papers with questions to enhance auditor-audit committee interactions, aiming to improve audit quality and corporate governance.

NFRA releases a paper on the audit of accounting estimates & judgments, focusing on Expected Credit Losses (ECL) under Ind AS 109, to improve audit quality and communication between auditors and...

NFRA highlights shortcomings in BSR & Co's audit of related party transactions, particularly concerning a promoter entity's CCPS investment. The audit regulator found lapses in auditing...

The Institute of Chartered Accountants of India (ICAI) is expected to finalize international networking guidelines for CA firms this fiscal, aiming to create larger, globally competitive firms.

NFRA chief Ajay Bhushan Prasad Pandey emphasizes aligning Indian auditing with global standards to boost investor confidence, attract funds, and ensure financial data credibility. The move aims to...

NFRA Chairperson Ajay Bhushan Prasad Pandey says auditing has improved, but corporate failures continue due to lack of engagement between auditors and board members. He stresses the need for...

The National Financial Reporting Authority (NFRA) has approved 40 auditing standards for Limited Liability Partnerships (LLPs), including Standards on Quality Management. These standards, finalized...

NFRA proposes revisions to auditing standards SA 600 and SA 299, but the ICAI disagrees, citing concerns over potential duplication and costs. The regulator also recommends changes to SQC1 as...

NFRA Chairperson Ajay Bhushan Prasad Pandey calls for improved corporate governance and alignment with global auditing standards to attract investors. He highlights the need for collective...

NFRA Chairman emphasizes incorporating global standards for accounting and auditing to foster large Indian firms. He highlights corporate failures and the need for high-quality reporting and...

ICAI seeks more time to review NFRA's proposed changes to auditing standard SA 600, arguing the move was surprising and could negatively impact small and medium CA firms.

NFRA proposes changes to auditing standard SA 600, aiming to protect investors' interest and address concerns over audit quality in group companies.

The ICAI central council will discuss proposed changes to auditing standard SA 600 on September 17, amid concerns that the updates could concentrate audit work with fewer firms.

RBI Deputy Governor says banking sector is in excellent financial health and poised to support India's economic growth. Auditors have a crucial role in maintaining financial stability and integrity.