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    <title>NATIONAL FINANCIAL REPORTING AUTHORITY</title>
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    <description>Section 132 establishes a statutory Authority to recommend, monitor and enforce accounting and auditing standards, with powers to investigate professional misconduct by chartered accountants, invoke civil procedure powers for discovery, summons, inspection and commissions, and, upon finding misconduct, impose monetary penalties and debarment; membership, appointment, declarations, terms, restrictions on post tenure practice, administrative staffing, audit of accounts, and annual reporting are prescribed by rules.</description>
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