NFRA

Observed ‘gross negligence and audit failure’ in audits of GFS: NFRA

TheSpuzz Desk8 months ago05 mins

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…

NFRA issues revised audit standards for public input to align with ISA 600

TheSpuzz Desk8 months ago07 mins

Source: Business Standard The Reserve Bank of India (RBI) and Securities and Exchange Board of India (Sebi) have conveyed their in-principle agreement with the need to revise the existing standards. 4 min read Last Updated : Sep 17 2024 | 5:51 PM IST The National Financial Reporting Authority (NFRA) on Tuesday brought out revised…

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Observed ‘gross negligence and audit failure’ in audits of GFS: NFRA

NFRA issues revised audit standards for public input to align with ISA 600