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Tuesday, December 02, 2025 | 04:28 AM ISTहिंदी में पढें
Govt may allow NFRA to split audit review and disciplinary functions
Currently, the NFRA executive body is entitled to discharge all functions and duties assigned to the authority as a whole
 "The National Financial Reporting Authority (NFRA) will soon seek comments from Big Five audit companies and share its second draft inspection report assessing whether they have incorporated the suggestions it made in the last financial year, accordin")
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The court order was in response to petitions filed by Deloitte Haskins & Sells LLP, SRBC & Co LLP, and several chartered accountants (CAs) challenging the constitutional validity of NFRA.
The government is considering a division of functions within the National Financial Reporting Authority (NFRA), and may allow the regulator to bifurcate its functions of review of an audit and the disciplinary proceedings to be taken thereafter, according to official sources.
Currently, the NFRA executive body is entitled to discharge all functions and duties assigned to the authority as a whole.
The Ministry of Corporate Affairs, the nodal ministry for NFRA, would have to enable the regulator to delegate its investigation or review function to its officials outside of the executive board by amending the Companies Act, the sources said.
