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Search results for nfra

NFRA penalises Deloitte for alleged lapses in ZEEL audit, debars two partners
Trending News
12 hours, 8 minutes ago

NFRA penalises Deloitte for alleged lapses in ZEEL audit, debars two partners

Live Mint  

Mumbai/New Delhi: The National Financial Reporting Authority has penalised audit firm Deloitte Haskins & Sells LLP, along with two of its senior partners, for alleged professional misconduct in the audit of Zee Entertainment Enterprises Limited for FY2018-19 and FY2019-20. The FD was prematurely closed and utilised by the bank in July 2019 to settle debts of seven promoter-linked entities of …

Bank Order Audit Partners Sebi Firm Mint
NFRA penalises Deloitte Haskins & Sells LLP, 2 auditors over lapses in ZEE audit
1 day, 5 hours ago

NFRA penalises Deloitte Haskins & Sells LLP, 2 auditors over lapses in ZEE audit

New Indian Express  

NEW DELHI: The National Financial Reporting Authority has imposed a fine of Rs 2 crore on Deloitte Haskins & Sells LLP as well as penalties on two chartered accountants for lapses in the auditing of Zee Entertainment Enterprises Ltd during the 2018-19 and 2019-20 financial years. The regulator had suo motu examined the audit file for the statutory audit of …

Sharma Jani Deloitte Nfra Auditor Deloitte Haskins Sells Llp
NFRA’s revised norms could lead to audit market concentration: ICAI
1 month, 1 week ago

NFRA’s revised norms could lead to audit market concentration: ICAI

Live Mint  

New Delhi: Proposed revisions in the audit standard for consolidated financial statements of business groups could lead to the concentration of the audit market around big audit firms at the expense of other auditors, said an official of the Institute of Chartered Accountants of India, the profession’s self-regulator and rule maker. “In the case of SA600, our view is that …

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NFRA Board revises all audit standards despite ICAI dissent on some likely effective from FY26
Trending News
1 month, 1 week ago

NFRA Board revises all audit standards despite ICAI dissent on some likely effective from FY26

Live Mint  

New Delhi: The board of the National Financial Reporting Authority on Tuesday approved a revision of all audit standards issued by the Institute of Chartered Accountants of India in spite of objections from the accountants' body on some of the changes. Revising standards The ministry said NFRA has referred to the government the revised 38 audit standards, including those dealing …

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NFRA begins work to overhaul audit norms
1 month, 2 weeks ago

NFRA begins work to overhaul audit norms

Live Mint  

The National Financial Reporting Authority has kicked off an epic overhaul of the way auditors verify the truthfulness of corporate financial information, in a change of regime from the current system where auditing standards issued by Institute of Chartered Accountants of India are deemed to be final. According to one of the two people cited above, the authority has also …

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Embassy Reit CEO Aravind Maiya suspended following NFRA’s ten-year debarment
1 month, 2 weeks ago

Embassy Reit CEO Aravind Maiya suspended following NFRA’s ten-year debarment

Live Mint  

Mumbai: The Securities and Exchange Board of India on Monday directed Embassy Office Parks Management Services Pvt Ltd, the manager of Embassy Office Parks Real Estate Investment Trust, to suspend its CEO, Aravind Maiya. NFRA initiated a suo motu examination into the professional misconduct of statutory auditors of Coffee Day Enterprises Ltd after Sebi's order of January 2023 penalizing the …

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NFRA to Consider Tighter Group Audit Norms: A Move to Align with Global Standards
1 month, 3 weeks ago

NFRA to Consider Tighter Group Audit Norms: A Move to Align with Global Standards

Live Mint  

National Financial Reporting Authority (NFRA) is considering implementing stricter norms for statutory audits of conglomerates, aiming to enhance auditor accountability and prevent financial misstatement. The proposed changes will apply only to public interest entities under the regulator, barring state-owned companies, banks, and insurers.

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NFRA creates special science, tech insurance system
2 months, 3 weeks ago

NFRA creates special science, tech insurance system

China Daily  

Chinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing, China. The National Financial Regulatory Administration is working to support the growth of the insurance industry by creating a special system for science and technology insurance. The NFRA plans to introduce new products, refine policies and support pilot projects in areas like cybersecurity insurance and …

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Republicans resurrect an old racist ruling to disqualify Kamala Harris
3 months, 3 weeks ago

Republicans resurrect an old racist ruling to disqualify Kamala Harris

Raw Story  

Some Republicans appear to have decided that Kamala Harris is only 3/5ths of a person and therefore cannot run for president. When these Republicans bring up the argument that because of slavery and the 3/5ths compromise, which were the basis of the Supreme Court’s Dred Scott decision, they’re referring to Article II, Section 1, Paragraph 5 of the US Constitution, …

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Financial regulator to enhance risk control
4 months ago

Financial regulator to enhance risk control

China Daily  

The National Financial Regulatory Administration will strengthen efforts to promote reforms and risk controls among small and medium-sized financial institutions, support stable development of the real estate sector and enhance financial regulation — among other tasks — to propel high-quality development of the financial sector, officials from the financial watchdog said at a news conference in Beijing on Wednesday. Xiao …

Financial Institutions Xiao Institutions Nfra Risk Control Enhance Risk Control Enhance Risk
Financial regulator to enhance risk control
4 months ago

Financial regulator to enhance risk control

China Daily  

Chinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing. The National Financial Regulatory Administration will strengthen efforts to promote reforms and risk controls among small and medium-sized financial institutions, support stable development of the real estate sector and enhance financial regulation — among other tasks — to propel high-quality development of the financial sector, …

Financial Institutions Risk Xiao Institutions Nfra Enhance Financial Regulator
Financial reforms in focus at forum
6 months ago

Financial reforms in focus at forum

China Daily  

CSRC Chairman Wu Qing speaks at the Lujiazui Forum in Shanghai on Wednesday. CHEN MENGZE/FOR CHINA DAILY Continued efforts will be made to advance China's high-standard financial opening-up and improve the financial sector's support for the real economy, especially new quality productive forces, the country's top financial regulators said at the twoday Lujiazui Forum which opened in Shanghai on Wednesday. …

China Market Financial Shanghai Forum Nfra
Delhi High Court Upholds NFRA Penalty Of Rs 4.5 Cr On CAs And Audit Firm For Reliance Capital Audit Lapses
7 months ago

Delhi High Court Upholds NFRA Penalty Of Rs 4.5 Cr On CAs And Audit Firm For Reliance Capital Audit Lapses

Live Law  

The Delhi High Court bench of Justice Yashwant Varma and Justice Dharmesh Sharma dismissed an interim application filed against the decision of the National Financial Reporting Authority which imposed penalties on CAs and audit firm for lapses in the audit of Reliance Capital Limited for the FY 2018-19. However, PW had previously sent a letter to Reliance Capital, its Audit …

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NCLAT Delhi: National Financial Reporting Authority Has Overriding Powers To Penalise CAs For Professional Misconduct
1 year ago

NCLAT Delhi: National Financial Reporting Authority Has Overriding Powers To Penalise CAs For Professional Misconduct

Live Law  

The National Company Law Appellate Tribunal, Delhi Bench comprising of Justice Rakesh Kumar Jain and Mr Naresh Salecha has dismissed an appeal and upheld the penalty imposed by the National Financial Reporting Authority on the auditors of Dewan Housing Finance Corporation Ltd. NCLAT further clarified that NFRA holds superior and overriding powers over the Institute of Chartered Accountants of India …

Companies Act Audit Act Bench Nclat Nfra Auditors
Adani auditor EY faces inquiry by accounting regulator NFRA: Report
1 year, 1 month ago

Adani auditor EY faces inquiry by accounting regulator NFRA: Report

Live Mint  

The National Financial Reporting Authority, the country's accounting regulator, has initiated an inquiry against one of the member firms of Adani Group's longtime auditors EY, Bloomberg reported on October 25, citing sources privy to the development. The regulator has requested files and communications related to its audits on some of the companies controlled by billionaire Gautam Adani going as far …

Accounting Group Adani Auditor Nfra Report
Mint Explainer: How does NFRA seek to uphold auditor independence?
1 year, 4 months ago

Mint Explainer: How does NFRA seek to uphold auditor independence?

Live Mint  

Audit regulator National Financial Reporting Authority is making sustained efforts to ensure that auditors who sign off on financial statements of companies and banks are independent. While audit committees featuring independent directors exist, the fact that audit fees come directly from the company sometimes hampers perceived auditor independence. In the case of audit of Infrastructure Leasing & Financial Services Ltd. …

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Coffee Day audit lapses: NFRA slaps ₹1.10 cr fine, ban on 2 auditors, 1 audit firm
1 year, 6 months ago

Coffee Day audit lapses: NFRA slaps ₹1.10 cr fine, ban on 2 auditors, 1 audit firm

Live Mint  

The National Financial Reporting Authority has imposed a ban and penalties totalling ₹1.10 crore on three entities, including two auditors, for alleged professional lapses in the auditing of Giri Vidhyuth Ltd, a subsidiary of Coffee Day Enterprises Ltd, for 2019-20. After markets regulator Sebi shared its investigation report in April 2022, audit regulator NFRA started probing the professional conduct of …

Audit Crore Regulator Auditors Coffee Day Coffee Day Enterprises Lapses Nfra
Manager/Assistant Manager Vacancy At National Financial Reporting Authority (NFRA)
3 years ago

Manager/Assistant Manager Vacancy At National Financial Reporting Authority (NFRA)

Live Law  

National Financial Reporting Authority invites applications for the post of Manager on a Deputation / Short term contractual basis. of Post: 01 Each Essential Qualification and Experience Manager Deputation • An officer of Central Government or State Governments or Union Territory Governments: • with regular service in the grade rendered after appointment thereto on regular basis in Level 10 in …

Finance Financial Information Technology Experience Post Manager Regular