India's NFRA approves 40 new auditing standards, set to take effect in April 2026, despite ICAI objections.

The National Financial Reporting Authority (NFRA) in India has approved 40 revised auditing standards to align with global norms, despite objections from the Institute of Chartered Accountants of India (ICAI). Key changes include revisions to standards on group audits and joint audits. These changes, set to take effect in April 2026, aim to improve auditing practices and align with international standards.

November 12, 2024
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