nfra

Delhi High Court Upholds Section 132(4) of Companies Act & Validates NFRA Rules on Auditor Accountability

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The High Court highlighted that Section 132 was introduced to strengthen regulatory oversight and align audit standards with global best practices. It does not create new liabilities but fills a regulatory gap to enhance transparency, accountability, and audit quality. The …

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Accountability for ensuring ‘True and Fair View’ in Financial Statements: A Complex Responsibility

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true and fair view

The accountability for ensuring ‘true and fair view’ in financial statements is now shared among all stakeholders, including the CFO, auditors, audit committees, and Board members. With SEBI and NFRA tightening the regulatory framework, stakeholders can no longer afford to take compliance lightly.

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