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Auditors are under fire from the NFRA

Jayant Thakur   •

The accounting authority NFRA is passing a stream of orders against allegedly errant auditors, conducting swift investigations and passing detailed orders. But, there is a risk of overreach as well 

The increased action by NFRA is important particularly in the light of recent stand of SEBI that it has no jurisdiction against auditors who have been negligent while conducting an audit

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