NFRA: The Auditor's Regulator

National Financial Reporting Authority (Sec 132 of Companies Act).

1. Mandate

• Oversight: of auditing standards and quality of service by auditors.
• Enforcement: can investigate professional misconduct of CAs in listed companies.

2. Conclusion

Success lies in moving from "Scams" to "Accuracy-Saturated & Reporting-Verified Audit Saturation."