National Financial Reporting Authority NFRA

Salaries of partners; audit, non-audit fees; details of network firms among information to be shared

Move comes in backdrop of Congress MP Karti Chidambaram's letter airing concerns over results

Experts want the authority to set some limit on the time it would spend on on-site visits

Inspections will consist of firm-wide review of audit quality and individual file reviews on test-check basis to evaluate the level of compliance with applicable auditing standards

Mere classification of a firm's loans as NPAs by lender banks does not relieve the borrower from its liability towards payment of interest or the principal, the authority says

Standards are for firms that are not required to follow Indian Accounting Standards. Most of these would be private, with very small net worth or turnover or indebtedness, according to NFRA

The audit review report has found violations with respect to the assessment of the use of the going concern assumption by the management

The independent watchdog for auditing profession has sought applications for 10 posts of consultants and senior consultants on one-year contract basis

After camping in make-shift offices, it shifted to a upmarket central Delhi building just a few months ago that was previously the office of the Competition Commission of India

Independent and robust regulation of auditors a must