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Companies Bill 2011: Body to monitor accounting & auditing

Companies Bill 2011: Body to monitor accounting & auditing

NEW DELHI: To have quasi-judicial powers, levy penalty for misconduct; may clash with ICAI. The government proposes to establish a National Financial Reporting Authority (NFRA) for better monitoring of corporate financial management, going by the revised Companies Bill, 2011. NFRA is, in fact, the renamed version of the earlier proposed National Advisory Committee on Accounting […]

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