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The National Financial Reporting Authority (NFRA) and IndiaAI have introduced the IndiaAI Financial Reporting Compliance Challenge, inviting innovative AI solutions to improve financial reporting practices across India. The initiative targets quality monitoring and task efficiency through advanced data extraction and validation. It offers a prize pool of ₹1.5 Crore
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The National Financial Reporting Authority (NFRA) and the Karnataka State Chartered Accountants Association (KSCAA) hosted an outreach programme in Bengaluru aimed at enhancing audit quality. The event featured discussions on audit practices and served as part of NFRA's ongoing initiative to improve financial reporting standards across India. Source:
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The National Financial Reporting Authority (NFRA) has published its second Audit Practice Toolkit aimed at improving audit quality, especially for small and medium practitioners in India. The "Risk & Response Memorandum" focuses on assessing risks of material misstatements in financial statements. Source: Original Link
NFRA
The National Financial Reporting Authority (NFRA) has launched a new initiative, the 'Webinar Series 2025-26', aimed at enhancing the quality of financial reporting in India. The series will cover critical accounting and auditing topics over the next four months, starting with a session on 'Impairment of Assets
NFRA
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
NFRA
The National Financial Reporting Authority (NFRA) conducted a one-day outreach programme in Indore aimed at enhancing audit quality among Small and Medium Audit Practitioners (SMPs). The event, part of the 'Creating Better Financial Reporting Ecosystem' series, featured discussions on audit practices and emphasized the importance of professional standards.
NFRA
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
NFRA
The National Financial Reporting Authority (NFRA) conducted a one-day outreach programme in Hyderabad aimed at enhancing audit quality among Small and Medium Audit Practitioners (SMPs). The event featured discussions on audit practices, regulatory approaches, and the importance of professional integrity in financial reporting. NFRA Chairperson Shri Nitin Gupta emphasized the
NFRA
The National Financial Reporting Authority (NFRA) has announced a series of outreach programmes titled 'Creating a Better Financial Reporting World' aimed at enhancing stakeholder engagement with audit professionals. The inaugural event will take place in Hyderabad on September 26, 2025, followed by similar programmes in Indore and other
NFRA
The National Financial Reporting Authority (NFRA) and the Indian Institute of Corporate Affairs (IICA) have launched the second four-month course for audit committee members and independent directors, aimed at enhancing corporate governance knowledge. This initiative follows a Memorandum of Understanding signed in October 2024, with the first course held earlier
Nitin Gupta
Shri Nitin Gupta has assumed the role of Chairperson of the National Financial Reporting Authority (NFRA) as of July 23, 2025. Previously, he served as Chairman of the Central Board of Direct Taxes (CBDT) and has extensive experience in the Income Tax Department and Ministry of Finance. Alongside him, new