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Cabinet approves Establishment of National Financial Reporting Authority

Cabinet approves Establishment of National Financial Reporting Authority - News and Press Release - Dated:- 4-3-2018 - Cabinet Meeting dated 1-3-2018 The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the proposal for est .....

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uditing profession which is one of the key changes brought in by the Companies Act, 2013. The inclusion of the provision in the Act was on the specific recommendations of the Standing Committee on Finance (in its 21st report). Impact: The decision is .....

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iction of NFRA for investigation of Chartered Accountants and their firms under section 132 of the Act would extend to listed companies and large unlisted public companies, the thresholds for which shall be prescribed in the Rules. The Central Govern .....

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cifically with respect to audits pertaining to private limited companies, and public unlisted companies below the threshold limit to be notified in the rules. The Quality Review Board (QRB) will also continue quality audit in respect of private limit .....

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