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    Question

    What does NFRA stand for in the context of its role as

    an independent regulator overseeing the auditing profession and Indian Accounting Standards under the Companies Act 2013?
    A National Financial Regulatory Authority Correct Answer Incorrect Answer
    B National Financial Reporting Agency Correct Answer Incorrect Answer
    C National Financial Reporting Authority Correct Answer Incorrect Answer
    D National Financial Review Association Correct Answer Incorrect Answer
    E National Fiscal Reporting Agency Correct Answer Incorrect Answer

    Solution

    National Financial Reporting Authority is an independent regulator set up to oversee the auditing profession and the Indian Accounting Standards under the Companies Act 2013. It came into existence in October 2018. The chairperson since March 2022 is Ajay Bhushan Pandey.

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