India's NFRA head calls for aligning auditing standards with global practices to boost investor confidence.

Ajay Bhushan Prasad Pandey, head of India's National Financial Reporting Authority (NFRA), advocates for aligning India's auditing standards with global practices to enhance investor confidence and attract more funds. NFRA is updating 40 auditing standards following discussions with key regulators to close gaps that have led to financial scams. Pandey emphasizes that adopting international standards is crucial for India's progression towards becoming a developed nation.

3 months ago
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