IN CASE YOU MISSED IT: India’s NFRA just became bigger! It is now a member of the International Forum of Independent Audit Regulators (IFIAR)!! For those unaware, the IFIAR was established in 2006 with the goal of improving the quality of audits! Today, the organization has 55 members with oversight boards of almost every major country. Its main goal is to serve the public interest by enhancing audit oversight globally! It does so by sharing knowledge between members and promoting collaborations. India’s audit regulator: National Financial Reporting Authority (NFRA) is now a part of this organization, giving it recognition on a global scale while allowing it to play a pivotal role in global audit developments! “NFRA looks forward to activities and opportunities presented by IFIAR and towards deepening its engagement with its international counterparts towards sharing of best practices and learnings and contributing to enhancing audit oversight globally.” - NFRA. Big win for India. Big development for CAs. Follow Jobaaj Stories (the Media arm of Jobaaj.com Group) for more.
