<h1>NFRA Launches Series to Boost Auditor and Audit Committee Communication, Focusing on Expected Credit Losses Under Ind AS 109.</h1> The National Financial Reporting Authority (NFRA) has initiated its Auditor-Audit Committee Interaction Series to improve communication between auditors and audit committees, thereby enhancing audit quality and investor protection. The first part focuses on the audit of accounting estimates and judgments, specifically Expected Credit Losses (ECL) under Ind AS 109. This series aims to guide auditors on potential queries from audit committees and reinforce communication practices as per the Companies Act 2013 and relevant auditing standards. The initiative aligns with NFRA's goals of promoting audit quality and safeguarding public and investor interests.