S trong for somebody else || Citizen Soldier
H alf to Death || ONICKS
I ghost || MNQN
R un into Trouble || Bastille
O ff with her head || Icon for Hire
I nfra-Red || Placebo
K ing of the Clouds || Panic! At the Disco
U nfolding Time || Broken Iris
M onster || Ksenia Lewis
O ne Last Chance || Daughtry
NFRA proposes an electronic safe for auditors' digital documents
In India, the NFRA is a regulatory organization in charge of monitoring adherence to auditing and accounting standards. Recently, the authority requested that an electronic lockbox system be developed so that auditors could safely store digital records.
With the use of the e-locker system, auditors could safely store and maintain digital copies of work-related documents like financial statements, audit reports, and other sensitive data. By doing so, the possibility of data breaches would be reduced and auditors would have access to the records they require whenever they need them.
The transition to an e-locker system is a component of a larger trend in the accounting and auditing sector towards digitization and automation. The e-locker system is regarded as a crucial step towards assuring the security and integrity of digital data as many businesses are now adopting digital tools and platforms to manage their operations.
The e-locker system is generally a step in the right direction toward assuring the confidentiality and protection of digital documents in the auditing sector. The e-locker system can help to lower the risk of data breaches and ensure that auditors can work productively by giving them a safe and comfortable platform to handle their work.
NFRA Delhi seeks officers from various domains; apply within 60 days of ad.
New Post has been published on https://www.jobsarkari.in/nfra-delhi-seeks-officers-from-various-domains-apply-within-60-days-of-ad/
NFRA Delhi seeks officers from various domains; apply within 60 days of ad.
The National Financial Reporting Authority (NFRA) in Delhi is seeking applications for various officer positions. The vacancies are open to officers from All India or Central Civil Services, State Government and Union Territory Governments, RBI, Public Sector Banks, Government Financial Institutions, Regulatory Undertakings, Autonomous Government Institutions, and Public Statutory Bodies. Interested officers should apply through the proper channel within 60 days of the publication of the advertisement in Employment News.
National Financial Reporting Authority is inviting applications for various posts.
The vacancies are open to officers from different government and financial institutions.
The positions include Chief General Manager, General Manager, Deputy General Manager, Assistant General Manager, Manager, and Assistant Manager.
The recruitment is on a deputation/short-term contract basis.
Interested officers should apply through proper channel before the specified deadline.
National Financial Reporting Authority is hiring officers
NFRA is currently recruiting officers from diverse fields
Interested individuals are encouraged to submit applications
Applications must be submitted within 60 days of the advertisement
Vacancies open to officers from different government and financial institutions
The vacancies are open to officers of All India or Central Civil Services, State Governments, Union Territory Governments, RBI, Public Sector Banks, Government Financial Institutions, Regulatory Undertakings, Autonomous Government Institutions, and Public Statutory Bodies
NFRA is looking for officers to fill various positions
Positions include Chief General Manager, General Manager, Deputy General Manager, Assistant General Manager, Manager, and Assistant Manager
Recruitment on a deputation/short-term contract basis
The recruitment is on a deputation/short-term contract basis
Eligible officers may apply through proper channel
Applications should be submitted before the specified deadline
Application details available on NFRA website
Interested officers should visit the NFRA website for application details
The website address is www.nfra.gov.in
Application format and other relevant information can be found on the website
Opportunities to join NFRA in Delhi
NFRA offers exciting opportunities for officers from diverse fields
Apply within 60 days of the advertisement to be considered
Join NFRA and contribute to the financial reporting authority in Delhi
The NFRA’s inquiry into EY’s audits of Adani Group companies is a significant development within the financial and corporate landscape of India. It underscores the importance of regulatory oversight and the necessity of maintaining the highest standards in financial reporting and auditing practices. As the inquiry progresses, it will be crucial to monitor its outcomes and the potential implications for the Adani Group, EY, and the broader financial industry in India. Stay tuned for further updates on this evolving story.
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.
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Giá đồng có thể tăng nhờ kích thích từ Trung Quốc và áp lực vĩ mô giảm bớt
Sức mua chiếm ưu thế trên thị trường đồng ngay từ khi mở cửa, do Trung Quốc phát đi tín hiệu sẽ tăng cường viện trợ kinh tế.
Cụ thể, theo Tạp chí Chứng khoán Trung Quốc, tờ báo chứng khoán hàng đầu của nước này, cho biết Trung Quốc dự kiến sẽ “đẩy nhanh” việc triển khai chính sách nhằm thúc đẩy sự phát triển ổn định và lành mạnh của thị trường bất động sản.
Trước đó vào thứ Hai, theo một tuyên bố chung của Ngân hàng Nhân dân Trung Quốc (PBOC) và Cơ quan quản lý tài chính quốc gia (NFRA), một số khoản nợ chưa thanh toán bao gồm các khoản tín dụng đến hạn trước năm 2024 sẽ được gia hạn trả nợ thêm một năm, nhằm hỗ trợ thị trường bất động sản.
Động thái này có thể giúp khôi phục niềm tin của người tiêu dùng và doanh nghiệp tại Trung Quốc, đồng thời, triển vọng nền kinh tế tích cực hơn sẽ giúp củng cố sức mua kim loại công nghiệp hàng đầu là đồng. Đây là sẽ yếu tố “bullish” tới giá đồng trong ngắn hạn, do tiêu thụ vẫn đang là yếu tố dẫn dắt cản trở đà tăng của giá đồng. Nếu tiêu thụ không có dấu hiệu phục hồi, giá đồng có thể tiếp tục gặp sức ép trong trung hạn.
Về yếu tố vĩ mô, áp lực lãi suất giảm bớt khiến đồng USD suy yếu cũng là yếu tố hỗ trợ cho giá đồng trong phiên.
Với những bình luận ôn hòa của các quan chức Cục Dự trữ Liên bang Mỹ (Fed) vào hôm qua và dấu hiệu thị trường lao động Mỹ chậm lại, kỳ vọng Fed sắp tạm ngừng chu kỳ thắt chặt đang được củng cố và làm suy giảm sức mạnh của đồng USD, đồng tiền thống trị trong các giao dịch thương mại quốc tế.
Thị trường sẽ tiếp tục chờ đợi báo cáo lạm phát bao gồm chỉ số giá tiêu dùng (CPI) và chỉ số giá sản xuất (PPI) của Mỹ được công bố vào thứ Tư, chỉ báo này sẽ cung cấp thêm manh mối về lộ trình tăng lãi suất tiếp theo của Fed.
Về mặt kĩ thuật, trên khung H4, giá đang trong giai đoạn tích lũy trong khoảng đi ngang 3,72 – 3,81 USD. Hiện giá đang chạm kháng cự 3,81 USD, nếu giá phá vỡ kháng cự này, giá có thể hướng tới mức 3,85 USD trong các phiên tiếp theo. Tuy nhiên, RSI đang di chuyển gần vùng quá mua, dự báo giá có thể có nhịp điều chỉnh và nhiều khả năng sẽ di chuyển trong vùng 3,79 – 3,82 USD trong phần còn lại của phiên hôm nay.
Chartered Accountants Day 2023: On July 1st Chartered Accountants Day 2023 is held every year in India. This day is marked to commemorate the foundation of the Institute of Chartered Accountants of India (ICAI) on July 1, 1949. Chartered Accountants Day 2023 is aimed at acknowledging the contribution of chartered accountants in nation-building. The Chartered Accountants Day 2023 was created on July 1st, 1949, as a statutory body by the Indian Parliament under the Chartered Accountants Act. 1st July 2023 marks the 75th National Chartered Accountants Day. India celebrates this day each year to commemorate the founding of the Institute of Chartered Accountants of India (ICAI).
Annually on 1 July, the Institute of Chartered Accountants of India (ICAI) celebrates CA Day in memory of the findings of parliament regarding the Institute of Chartered Accountants of India (ICAI) in 1949. It is the only organization in India that licenses and regulates the professions of accounting and financial auditing. The National Financial Reporting Authority (NFRA) and every other financial and accounting organization are required to abide by the accounting standards they specify.
NFRA Imposes Fine, Bans Auditors For 1 Yr For Misconduct In DHFL Branches Audit
In four separate orders, NFRA levied a fine of Rs 1 lakh each on auditors — Mathew Samuel, Sam Varghese, Harish Kumar T K, and M Baskaran. The auditors are partners of audit firm K Varghese & Co.
source https://zeenews.india.com/companies/nfra-imposes-fine-bans-auditors-for-1-yr-for-misconduct-in-dhfl-branches-audit-2595295.html
The Big Four accounting firms - Deloitte, KPMG, EY, and PwC - and their affiliate firms continue to dominate the audit industry in India, according to a recent report. The study found that the combined revenue of these firms and their affiliates accounted for nearly 40% of the total audit fees earned in the country.
The dominance of the Big Four has been a topic of debate globally. Some have raised concerns about the potential lack of competition and the potential for conflicts of interest. This has led to various regulatory changes aimed at promoting more competition in the audit industry.
In India, the audit industry is regulated by the National Financial Reporting Authority (NFRA). The NFRA has been working to promote more competition by setting up a new category of auditors, known as Registered Valuers. These auditors are permitted to conduct valuations of assets and liabilities for companies.
Despite the efforts to promote more competition, the Big Four and their affiliates continue to lead the audit business in India. Some believe this is because these firms have built strong relationships with clients over many years, and also because of their global reach and reputation.
However, the dominance of the Big Four has also led to criticism from some quarters. Some believe that these firms have not done enough to prevent corporate fraud and financial irregularities. In recent years, there have been several high-profile cases of financial fraud and irregularities in India.
In conclusion, the Big Four and their affiliates continue to lead the audit industry in India, despite efforts to promote more competition. The dominance of these firms raises concerns about potential conflicts of interest and the need for more effective regulation to prevent financial irregularities. As the Indian economy continues to grow, it will be important to ensure that the audit industry is robust and able to meet the needs of businesses and investors.
NFRA aims to make Annual Transparency Reports mandatory
The National Financial Reporting Authority (NFRA) has made the proposal to make Annual Transparency Reports mandatory for audit firms. Information such as operational activities, management governance and ownership structures and other crucial information will be contained in this report.
The proposal of the NFRA is to make this report for the owners, auditors and the stakeholders to ensure more transparency and ensure lesser chances of fraud. Stakeholders can even submit their own feedback to the company. It will boost audit qualities. The proposals are on the lines of some of the international best practices implemented by independent audit regulators. In recent years, bias and inability to draw out fraudulent activities of big companies and businessmen has led to an increased need for a system to implement more transparent and evident audits of these business entities. In India, the cases of Adani Ltd. and Nirav Modi has triggered such requirements.
The proposed disclosures assume significance in the backdrop of concerns about the working of large audit firms and conflict of interest involved. These firms provide both audit and non-audit services to the companies.
The editorial on the audit regulator by Insights on India provides a detailed analysis of the role and responsibilities of the audit regulator in India. The article highlights the need for an effective audit regulator to ensure the quality and integrity of financial reporting and to protect the interests of investors and stakeholders.
One of the key strengths of the article is its detailed analysis of the challenges faced by the audit regulator in India, including the limited scope of its powers and the lack of adequate resources and infrastructure. The article also provides an overview of the proposed reforms to strengthen the audit regulator's role and functions, including the establishment of a National Financial Reporting Authority (NFRA).
The article rightly emphasizes the importance of an independent and effective audit regulator in promoting transparency, accountability, and good governance in the financial sector. It is particularly important in the wake of several high-profile financial frauds and scams that have eroded public trust in the integrity of financial reporting.
Overall, the article provides a comprehensive and insightful analysis of the role and importance of the audit regulator in India. It highlights the need for reforms to strengthen the regulator's powers and functions and to ensure that it is adequately equipped to carry out its responsibilities. It is a valuable resource for investors, auditors, and other stakeholders in India who are interested in promoting transparency and accountability in the financial sector.