The proposed framework will require senior NFRA and ICAI officials to meet more regularly to discuss key issues.

The regulator pointed to gaps in auditor independence, internal controls and the examination of related-party transactions.

NFRA inspection reports on four major audit firms highlight the need for stronger internal controls, improved documentation ...

For these firms, the audit watchdog has suggested strengthening independence protocols and internal governance.

The inspection report highlights deficiencies in audit documentation, independence monitoring and compliance with auditing standards. It stresses the need for stronger quality control systems and ...

The NFRA released audit quality inspection reports for seven chartered accountancy firms, identifying several shortcomings. Key observations include irregularities in investment audits, shortcomings ...

NFRA flags shortcomings in audit quality inspections of seven CA firms, citing gaps in independence, HR policies, ...

NFRAs inspection found gaps in audit documentation, revenue testing, and risk assessment practices, stressing the need for ...

India’s audit regulator NFRA has identified multiple procedural gaps in inspections of top audit firms, highlighting issues in audit documentation, independence compliance and risk evaluation.

This article was originally published on ETFTrends.com. Plenty of asset classes took hits last year at the hands of the coronavirus pandemic, including listed infrastructure. However, the FlexShares ...