NFRA Launches Audit Practice Toolkit to Enhance Audit Quality in India
The National Financial Reporting Authority (NFRA) has introduced an 'Audit Practice Toolkit' aimed at supporting small and medium audit practitioners in India. This initiative is part of NFRA's ongoing efforts to improve audit quality and includes a focus on developing audit strategies tailored to the risk profiles of auditee entities. The toolkit is designed to be adaptable for various sizes and industries, with plans for additional toolkits in other audit areas throughout the financial year. The toolkits are available on the NFRA website.
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