Quick Summary
NFRA has taken up Nationwide Outreach Programmes and Audit Firms Survey 2025 to enhance Audit Quality 'Audit Practice Toolkits' launched to support the small and medium practitioners engaged in the audits The initiative of National Financial Reporting Authority (NFRA) through outreach programmes across the country is aimed at enhancing audit quality and promoting sustainable audit practices for all sizes of audit firms and especially the small medium-sized audit firms. The series of outreach
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FAQ :
The main goal is to enhance audit quality and promote sustainable audit practices, with a special focus on supporting small and medium-sized audit firms.
The 'Audit Practice Toolkits' are resources launched by NFRA on its website to provide support to small and medium practitioners engaged in audits.
The survey aims to address issues related to audit quality and gather insights to help NFRA tailor its roles and responsibilities to effectively support all audit practitioners.
A total of 383 firms across India participated in the survey.
NFRA has also focused on standard-setting functions (auditing and accounting standards), enforcement actions, audit quality inspections, issuing circulars, and collaborating on capacity-building courses.
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