National Financial Reporting Authority (NFRA)

  • It was constituted on 1st October, 2018 by the Government of India under Sub Section (1) of Section 132 of the Companies Act, 2013.
  • The NFRA is an independent regulator overseeing the auditing profession, and its creation was first recommended by the Standing Committee on Finance in its 21st report.
  • It recommends accounting and auditing policies and standards to be adopted by companies for approval by the Central Government.
  • It monitors and enforces compliance with accounting standards and auditing ....
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.
Be an Annual Subscriber

News Snippets