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NFRA's next inspection to target Audit Firms with large client base
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| Posted Date : 27-Feb-2025 , 08:53:06 pm | Posted By CASANSAAR |
The NFRA plans to focus on auditing firms with significant listed company audits, using data analytics to detect potential issues.
Chairman Ajay Bhushan Prasad Pandey emphasized the need for auditors' independence and professionalism. Upcoming inspections of firms like Deloitte and E&Y will assess improvements in processes. Earlier reports highlighted deficiencies in related party transactions and documentation.
The National Financial Reporting Authority (NFRA) could soon select accountancy firms that undertake audits of a large number of listed companies for the next round of its annual inspection, its chairman Ajay Bhushan Prasad Pandey told ET on Thursday, indicating a more focussed supervisory approach in future. (Source - Economic Times)
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Category : NFRA |
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