About Authority

    The National Financial Reporting Authority (NFRA) was constituted on 01st October,2018 by the Government of India under Sub Section (1) of section 132 of the Companies Act, 2013.

    • Functions and Duties
      As per Sub Section (2) of Section 132 of the Companies Act, 2013, the duties of the NFRA are to:

      • Recommend accounting and auditing policies and standards to be adopted by companies for approval by the Central Government;
      • Monitor and enforce compliance with accounting standards and auditing standards;
      • Oversee the quality of service of the professions associated with ensuring compliance with such standards and suggest measures for improvement in the quality of service;
      • Perform such other functions and duties as may be necessary or incidental to the aforesaid functions and duties.


    Annual Report 21-22

    Annual Report 2021-22

    July 20, 2018

    Annual Performance Report 2021-22 : View (5MB)

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