New auditing standards for LLPs to boost financial transparency, set to start in April 2026.

The National Financial Reporting Authority (NFRA) plans to apply new auditing standards to Limited Liability Partnerships (LLPs), aiming to boost financial transparency. The standards, finalized for companies, will extend to LLPs starting April 2026, pending government approval. Despite opposition from the Institute of Chartered Accountants of India (ICAI), the proposal received strong support from regulatory bodies.

November 25, 2024
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