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

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

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