New Delhi: The Ministry of Corporate Affairs is considering a series of tough steps to safeguard the independence of statutory auditors including a possible ban on these entities offering any ...

After its establishment in 2018, the National Financial Reporting Authority (NFRA) spent its initial period looking at the work done by the auditors of IL&FS. Over the last few months, there has been ...

A nonstatutory audit report is any audit that is not legally required. For example, the Securities and Exchange Commission and the Sarbanes-Oxley Act both require companies to perform certain types of ...

The National Financial Reporting Authority (NFRA), the country’s sole independent audit regulator, has found several deficiencies in the statutory audit conducted by EY member firm SRBC & Co LLP of ...