Observed ‘gross negligence and audit failure’ in audits of GFS: NFRA
Source: Business Standard 3 min read Last Updated : Oct 03 2024 | 7:37 PM IST The National Financial Reporting Authority (NFRA), in a circular on Thursday, said it has observed “gross negligence and audit failure” in the audits of group financial statements (GFS) in several cases. It stated that Principal Auditors must mandatorily…