NFRA likely to notify revised audit standards soon amid ICAI concerns

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While the proposed adoption of revised International Standards on Auditing (ISA) 600 itself has become a bone of contention between the two regulators, several auditors themselves have supported the move.

The tug of war between the National Financial Reporting Authority (NFRA) and the Institute of Chartered Accountants of India (ICAI) over the need to revise India’s auditing standards to match global norms further intensified recently with the CA body bringing new quality management rules without taking the auditing regulator on board.

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Category: BusinessFinance

Markets: India

Topics: National Financial Reporting Authority CA firms ICAI Institute of Chartered Accountants of India NFRA

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 16:03:58 (2 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 97 words

Reading Time: 1 minutes read

Sentences: 4 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23325109

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