Mumbai, July 7 (IANS) The National Financial Reporting Authority (NFRA) has initiated its investigation into the alleged financial misstatement case involving Rajesh Exports, with Chairman Nitin Gupta confirming that the audit regulator has begun its process following a referral from the Securities and Exchange Board of India (SEBI).Speaking on the sidelines of a conference organised by the Federation of Indian Chambers of Commerce and Industry (FICCI) in Mumbai on Tuesday, Gupta said the regula…
Latest National Financial Reporting Authority News & Updates
New Delhi, July 1 (IANS) Prime Minister Narendra Modi on Wednesday extended greetings on Chartered Accountants’ Day to the entire CA fraternity and said that they have long been trusted partners in India’s economic journey.PM Modi took to social media ‘X’ and said, “Greetings on Chartered Accountants’ Day to the entire CA fraternity. They have long been trusted partners in India’s economic journey. Through their commitment to transparency and professional excellence, they strengthen our financia…
New Delhi, June 3 (IANS) Shares of private lender IndusInd Bank fell 3 per cent on Wednesday after reports emerged of a fresh whistleblower complaint seeking an investigation into alleged insider trading, governance lapses and audit shortcomings at the bank.The stock declined as much as 3.01 per cent to hit an intraday low of Rs 884.75 apiece on the BSE as of 2:30 pm. At the last count, the banking stock was trading at Rs 895.80, down about 2 per cent.The selling pressure followed reports sugges…
New Delhi, Jan 15 (IANS) In a bid to create AI-powered solutions that help in monitoring financial reporting quality and speed up internal tasks, the government has announced the ‘IndiaAI Financial Reporting Compliance Challenge’.The National Financial Reporting Authority (NFRA), in partnership with IndiaAI, has launched the challenge to solicit AI-driven solutions.Participants will compete for a total prize pool of Rs 1.5 crore, with up to 10 teams receiving Rs 5 lakh each during a virtual …