NFRA Flashcards
1
Q
Expand
A
National Financial Reporting Authority
2
Q
Ministry
A
Mo Commerce
3
Q
What is National Financial Reporting Authority
A
An independent regulator proposed in 2013 to oversee auditing profession and accounting standards.
Now govt has notified it.
4
Q
Why it was proposed
A
Institute of Chartered Accountants of India(ICAI) had failed in recent past to stops corporate scams like satyam.
5
Q
What is the composituon
A
1 chairperson
3 full time members
9 part time members
