Companies Act, 2013
Section - 132 - Constitution of National Financial Reporting Authority
Constitution of National Financial Reporting Authority.132.(1) The Central Government may, by notification, constitute a National Financial Reporting Authority to provide for matters relating to accounting and auditing standards under this Act.[(1A) The National Financial Reporting Authority shall perform its functions through such divisions as may be prescribed.](2) Notwithstanding anything contained in any other law for the time being in force, the National Financial Reporting Authority shall-
| (a) | - | make recommendations to the Central Government on the formulation and laying down of accounting and auditing policies and standards for adoption by companies or class of companies or their auditors, as the case may be; |
| (b) | - | monitor and enforce the compliance with accounting standards and auditing standards in such manner as may be prescribed; |
| (c) | - | oversee the quality of service of the professions associated with ensuring compliance with such standards, and suggest measures required for improvement in qu .... To read the full section download the app from Google Play store
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24 June 2026
ARTICLE ASSISTANTBHUPINDER SHAH AND COMPANY New Delhi CA Inter View Details |
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