National Financial Reporting Authority

Delhi High Court Rejects Pleas By CAs, Audit Firms Against NFRA’s Power

The Delhi High Court has upheld the authority of the National Financial Reporting Authority (NFRA) to investigate and penalize chartered accountants for professional misconduct, rejecting challenges to its statutory provisions. A bench comprising Justices Yashwant Varma and Dharmesh Sharma dismissed petitions filed by individual chartered accountants and auditing firms, including...