National Financial Reporting Authority (NFRA):

GS Paper 2 Topics Covered: Statutory, regulatory and various quasi-judicial bodies.   Context: National Financial Reporting Authority (NFRA) Chairperson has pitched for a ‘standalone legislation’ for the regulator in the interests of autonomy. He also demanded that all necessary penal provisions relating to financial reporting should be consolidated and vested with it.   Why this is …

National Financial Reporting Authority (NFRA)

GS Paper 2 Topics Covered: Statutory, regulatory and various quasi-judicial bodies.   Context: As it seeks to enhance engagement with stakeholders, the National Financial Reporting Authority (NFRA) will set up a single stakeholders’ advisory group as well as a research cell to support the group.   Need for: A large majority of the respondents have expressed …