Ajay Bhushan Pandey: National Financial Reporting Authority new Chairperson

Ajay Bhushan Pandey: National Financial Reporting Authority new Chairperson

• The Appointments Committee of the Cabinet (ACC) has approved the appointment of former finance secretary Ajay Bhushan Pandey as the chairperson of the National Financial Reporting Authority (NFRA).
• National Financial Reporting Authority (NFRA) is a statutory body, established in 2018 under the Companies Act 2013. It is an independent regulatory body, which oversees the auditing profession, accounting standards, and policies in India.
• National Financial Reporting Authority (NFRA) was first proposed by the Standing Committee on Finance in its 21st report, in the wake of the 2009 Satyam scandal. In 2018, the proposal to establish NFRA as an independent regulator was approved by the Union Cabinet.

Published date : 16 Mar 2022 05:18PM