Accounting And Audit 1 October 2026
NFRA Issues 35 Questions for Audit Committees
NFRA has heightened its oversight of going‑concern assessments by issuing a detailed 35‑question checklist for audit committees, focusing on the relationship with statutory auditors and compliance with Section 177 of the Companies Act, 2013. The move aims to tighten scrutiny and ensure robust financial reporting.
NFRA has released a 35‑question framework for audit committees to deepen going‑concern reviews, referencing Section 177 of the Companies Act, 2013. The guidance links audit committees directly with statutory auditors to boost oversight. Read the full notice
- 35 targeted questions covering financial health, risk assessments, and auditor communication.
- Emphasis on compliance with the Companies Act and NFRA regulations.
- Aim to strengthen corporate governance and prevent misleading going‑concern statements.
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