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National Financial Reporting Authority

NFRA Constitutes Advisory Committee on Audit Quality, Assurance and Technology

PrelimsMainsGS2GS3GovernancePolityEconomy
Source-grounded summary

The National Financial Reporting Authority (NFRA) has constituted the Advisory Committee on Audit Quality, Assurance and Technology under Rule 15 and Rule 16 of the National Financial Reporting Authority Rules 2018. Comprising eminent experts from professions, Chief Financial Officers, audit committees, independent directors, technology sectors, regulators, and industry, the committee aims to provide inputs and suggestions on matters significantly impacting audit quality. This is the third committee formed by NFRA, following the Technical Advisory Committee constituted in 2020 and an Advisory Group constituted in July 2024 for auditor-audit committee resources and interactions.

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