Law Relating to NFRA Audit and Auditors

This book is a comprehensive guide on the law governing National Financial Reporting Authority (NFRA)/Audit & Auditors under the Companies Act, 2013. It incorporates chapter wise commentary on provisions relating to NFRA, Audit & Auditor, along with relevant sections of Companies Act, 2013, relevant Rules and Notifications.This book is divided into two divisions:

Law governing National Financial Reporting Authority (NFRA) under the Companies Act, 2013
Law governing Audit & Auditors under the Companies Act, 2013

The Present Publication is the Latest Edition, incorporating all the amendments made up to the Companies Amendment) Act, 2019. The noteworthy features of the book are as follows:

Analysis of the provision governing NFRA and audit under Companies Act, 2013
Relevant sections of Companies Act, 2013
Companies (Audit and Auditors) Rules, 2014
NFRA(Manner of appointment and Other terms and conditions of service of chairperson and members) Rules, 2018
Notifications issued under NFRA
Companies (Auditor?s Report) Order, 2016

The contents of the book are as follows:

Genesis & Architecture of National Financial Reporting Authority
Functions, Duties & Powers of NFRA
Classes of Companies or Bodies Corporate governed by NFRA
Duties of Companies/Bodies Corporate governed by NFRA
Auditors governed by NFRA
Duties of Auditors governed by NFRA
Monitoring and Enforcement of Compliance with Auditing Standards
Oversight of Quality of Service of Auditors
Powers of NFRA in relation to Professional or other Misconduct of Auditors governed by NFRA in terms of Rule 3
Appeal by Auditor aggrieved by NFRA?s order on Professional or other Misconduct
Audit
Qualifications for Auditors
Disqualifications of Auditors
Appointment of Auditors of Government Companies
Appointment of Auditors in case of Companies other than Government Companies
Compulsory Rotation of Auditors
Rotation of Audit Partners
Reappointment of Retiring Auditors
Remuneration of Auditors
Joint Auditors
Removal of Auditors
Resignation of Auditor
Powers and Duties of Auditors
Reporting Frauds to Central Government
Branch Audit
Audit in case of Government Companies
Auditor not to Render Certain Services
Signing of Audit Reports
Auditors to attend AGM