NFRA Rules Notified
The Centre has notified the much-awaited National Financial Reporting Authority (NFRA) rules, taking away the CA Institute’s monitoring and disciplinary powers over auditors of listed entities and large unlisted companies besides banks and insurance companies.
New Rules
As per the newly notified rules, the NFRA will have the power to:
- Monitor and enforce compliance with accounting standards and auditing standards, oversee the quality of service and undertake investigation of the auditors of listed entities; unlisted entities with paid-up capital of not less than Rs 500 crore or annual turnover of over Rs 1,000 crore or those having ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
News Snippets
- 1 President Droupadi Murmu Visits Slovakia
- 2 Iran and U.S. Hold Constructive Nuclear Talks in Oman
- 3 India and Nepal Strengthen Customs Cooperation
- 4 15th BRICS Agriculture Ministers Meeting in Brazil
- 5 India, US Hail Progress on New Trade Deal
- 6 Beryl, Helene, Milton, and John Retired from Hurricane Name Lists
- 7 Similipal Declared Odisha’s Second National Park
- 8 India Opens New Frontiers in Himalayan Climate Research
- 9 Rare Sighting of Juvenile Colossal Squid in South Atlantic
- 10 Record Low Snow Persistence in Hindu Kush Himalaya Region
