https://www.taxtmi.com/news?id=19682 Establishment of the National Financial Reporting Authority (NFRA) as an independent regulator for the auditing profession with specified leadership posts, tasked with enforcing auditing standards and improving audit quality. NFRA's investigatory jurisdiction under section 132 will cover listed companies and large unlisted public companies as per thresholds in Rules, with the Central Government able to refer other entities on public interest grounds. ICAI retains its regulatory role for members generally and for audits of private limited and smaller public unlisted companies below the thresholds, QRB continues quality reviews and ICAI provides advisory input on standards to NFRA. en-us Sun, 04 Mar 2018 20:16:47 +0530 Sun, 04 Mar 2018 20:16:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=19682 Establishment of the National Financial Reporting Authority (NFRA) as an independent regulator for the auditing profession with specified leadership posts, tasked with enforcing auditing standards and improving audit quality. NFRA's investigatory jurisdiction under section 132 will cover listed companies and large unlisted public companies as per thresholds in Rules, with the Central Government able to refer other entities on public interest grounds. ICAI retains its regulatory role for members generally and for audits of private limited and smaller public unlisted companies below the thresholds, QRB continues quality reviews and ICAI provides advisory input on standards to NFRA. News - Sun, 04 Mar 2018 20:16:47 +0530 https://www.taxtmi.com/news?id=19682