The last couple of years have seen the National Financial Reporting Authority (NFRA), the audit watchdog born in 2018, getting its act together with a keen sense of purpose and apparent determination. This is consistent with the need for a qualitative improvement in India's audit systems and processes, and to move in synchrony with the constantly evolving global standards. As the NFRA has put its foot down and widened the scope of inspections, however, a host of controversies have erupted, which refuse to die down easily. While the demarcation of the mandates of the Institute of Chartered Accountants of India (ICAI), the statutory body regulating the CA profession, and the NFRA was thoroughly debated during the formative period of NFRA itself, and defined with reasonable clarity, the "turf conflicts" weren't to end soon.
Denne historien er fra January 01, 2025-utgaven av Financial Express Lucknow.
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Denne historien er fra January 01, 2025-utgaven av Financial Express Lucknow.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Wilmar to emulate ITC post its exit from Adani
ADANI WILMAR (AWL), the country's largest edible oil company, is adopting a strategy similar to ITC's by leveraging its core business and extensive distribution network to drive growth in its high-margin FMCG portfolio after the Adani group exit, according to sources.
Subscription models gaining traction in ride-hailing sector
SUBSCRIPTION-BASED MODELS are gaining popularity in the online ride-hailing sector, with major players like Ola, Uber and Rapido reconfiguring strategies to stay competitive.
Tighter anti-spam norms in a month
TIGHTER REGULATIONS ON curbing spam as well as new consultation examining an authorisation framework for telemarketers are expected in coming weeks, said Trai chairman Anil Kumar Lahoti.
Renee looks to end this fiscal with up to ₹400-cr topline
In the crowded market of beauty and colour cosmetics brands, direct-to-consumer startup Renee Cosmetics is expecting to double its revenue to ₹350-400 crore by the end of this fiscal.
Compact EV, New Duster Key to Renault's India Comeback
French carmaker's first EV in the country to be affordable
Vi unlikely to have aggressive 5G pricing strategy
WITH VODAFONE IDEA (Vi) getting ready to launch its commercial 5G services in March, almost two-and-a-half years after Reliance Jio and Bharti Airtel, all eyes will be on its pricing strategy.
Six years after quota for women at IITs, changes are quite visible
IIT-KANPUR RECORDS A 133% JUMP IN NUMBER OF WOMEN
Bangladesh crisis offers new opportunities for Indian textile clusters
Amid the ongoing economic and political tensions in Bangladesh, Indian exporting firms, particularly in the Tirupur clusters, are receiving higher enquiries from several global apparel brands, including Primark, Tesco, Decathlon, Duns, JCPenney, GAP, Next, and Walmart, with order conversion expected for shipment by early 2025, Mithileshwar Thakur, Secretary General of the Apparel Export Promotion Council (AEPC) said.
PLI Schemes Aid Import Substitution: MSMEs, Too, Among Gainers
PRODUCTION-LINKED INCENTIVE (PLI) schemes have generated investments to the tune of ₹1.46 lakh crore so far, with large-scale electronics manufacturing, pharmaceuticals, food processing and telecom & networking products, being the top gainers.
FDI in India growing rapidly, says Goyal
FDI inflows into the country are surging, with investors from the West Asia, Japan, European Union, and the US recognising India's status as a top investment destination, driving rapid economic growth and generating millions of new jobs, commerce and industry minister Piyush Goyal has said.
