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National Financial Reporting Authority (NFRA)
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About — National Financial Reporting Authority (NFRA)
The National Financial Reporting Authority (NFRA) is an independent statutory body created under the Companies Act, 2013 to supervise financial reporting and audit quality in India. It strengthens corporate governance by monitoring auditors, can impose penalties up to ₹5 crore, and in 2022 issued its first audit directive to a listed company.