An insight in to NFRA

Welcome to our crucial webinar delving into a pivotal regulatory body for financial reporting in India: An Insight into NFRA (National Financial Reporting Authority)! 🏛️📊

Established under the Companies Act, 2013, the National Financial Reporting Authority (NFRA) plays a vital role in overseeing auditing standards, ensuring audit quality, and promoting investor confidence by regulating the accounting and auditing profession. Its powers to investigate and impose penalties make its understanding indispensable for companies and auditors alike.

This session will provide you with a comprehensive overview of NFRA's establishment, its extensive powers, functions, and the significant impact it has on the landscape of corporate financial reporting and auditing.

In this webinar, our experts will delve into:

Establishment & Mandate: Understanding the genesis of NFRA, its legal backing, and its core objectives as a regulatory authority.

Jurisdiction & Applicability: Which companies and auditors fall under the purview of NFRA, including listed companies, large unlisted companies, and certain classes of body corporates.

Powers & Functions: A detailed exploration of NFRA's key roles, including:

Recommending accounting and auditing standards.
Monitoring and enforcing compliance with standards.
Investigating professional misconduct by auditors.
Imposing disciplinary action and penalties.

Key Regulations & Recent Actions: Discussion on significant rules, guidelines, and important cases or disciplinary orders issued by NFRA.

Impact on Stakeholders: How NFRA's oversight influences auditors, companies, audit committees, and the overall quality of financial reporting.

Compliance Challenges & Best Practices: Strategies for companies and auditors to ensure adherence to NFRA's regulations and avoid potential scrutiny.

Who should watch:

Chartered Accountants & Auditors
Company Secretaries
CFOs & Finance Heads
Audit Committee Members & Independent Directors
Legal Professionals advising on corporate law and financial reporting
Students of Accountancy, Finance, and Law
Anyone involved in corporate governance and financial compliance.

Key takeaways:

Gain a clear understanding of NFRA's role, powers, and jurisdiction.

Learn about its impact on auditing practices and financial reporting quality.

Understand the compliance requirements and potential risks under NFRA's oversight.

Enhance your knowledge of India's financial regulatory ecosystem.

Don't miss this essential session to navigate the evolving regulatory environment under NFRA!

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