NFRA Constitutes Technical Advisory Committee

On 20th July, 2020, the audit regulator, National Financial Reporting Authority (NFRA), has constituted a Technical Advisory Committee (TAC) under the Chairmanship of R Narayanaswamy, Professor, Indian Institute of Management, Bengaluru. It comprises of seven members, including the Chairman.

Objectives

  • To aid and advise the Executive Body of the NFRA on issues related to the drafts of accounting standards and auditing standards.
  • To provide inputs from the perspectives of users, preparers, and auditors of financial statements.

Terms of reference(ToR)

  • Advice on the development of measures of audit quality;
  • Advice on suitable methods for promoting awareness
  • a)Relating to compliance with accounting and ....
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