Strengthening NFRA: Govt analyzing panel proposals

The Centre on Saturday stated it’s dedicated to strengthening the working of the National Financial Reporting Authority (NFRA), the unbiased regulatory physique arrange beneath the Corporate Affairs Ministry for the auditing career.

Addressing an occasion organised by the NFRA as a part of the Azadi Ka Amrit Mahotsav (AKAM) celebrations, Ministry of Corporate Affairs Secretary Rajesh Verma stated,”We have to see what extra must be executed to strengthen NFRA to allow it to discharge its duties successfully” in addition to strengthen the mandates of defending the general public pursuits.

“The government is continuously focussed on further strengthening NFRA and in the process we are also looking into the recommendations of the Company Law Committee with regard to financial and operational autonomy of NFRA,” Verma added. During his speech, he additionally traced the evolution of NFRA, which was established in October 2018.  WITH PTI

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