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National Financial Reporting Authority (NFRA)
December 16 , 2019
1679 days
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- NFRA issued its first audit report of IL&FS Financial Services Limited for the year 2017-18.
- It is the first report submitted by the authority since its constitution in October 2018.
- Prior to NFRA, the audit of the IL and FS financial services were conducted by Deloitte Haskins and Sells (DHS).
About NFRA
- NFRA is a body for the establishment and enforcement of accounting and auditing standards and oversight of the work of auditors.
- It was established in 2018 under the Companies act, 2013.
- Due to the establishment of NFRA, India is now eligible for membership of International Forum of Independent Audit Regulators.
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