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It has been reported by NFRA that at least 1011 auditors/audit firms have not yet filed form NFRA-2 for the reporting period 2018-19. As such, The Institute of Chartered Accountants of India has advised to file the samefor the reporting period 2018-2019 and also for the year ending 31/03/2020immediately without any delay, if not filed already. Read the official announcement below: Corporate Laws Corporate Governance Committee The Institute of Chartered Accountants of India 28th October, 20
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FAQ :
Form NFRA-2 is the annual return that auditors of specified classes of companies are required to file with the National Financial Reporting Authority (NFRA) annually.
The advice covers the reporting period 2018-2019 and the year ending 31st March 2020.
NFRA reported that at least 1011 auditors/audit firms have not yet filed Form NFRA-2 for the 2018-19 reporting period, prompting the ICAI to issue a renewed advisory.
Auditors are advised to file immediately without delay to avoid penal consequences.
While the original deadline for FY 2018-19 was extended to 4th September 2020, the ICAI is now advising immediate filing for both 2018-19 and 2019-20 to avoid penalties.
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