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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