NFRA Releases Series 4 on Auditor-Audit Committee Interactions

The National Financial Reporting Authority (NFRA) has launched the fourth installment of its Auditor-Audit Committee Interactions series, focusing on the audit of accounting estimates and judgments related to the impairment of non-financial assets. This initiative aims to enhance communication between auditors and audit committees, thereby improving audit quality and safeguarding public and investor interests. The series addresses potential questions from audit committees regarding impairment assessments as per relevant accounting standards.

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