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Accounting scams prompt Union govt to set up regulatory body to oversee auditors

Accounting scams prompt Union govt to set up regulatory body to oversee auditors

Mar 03, 2018, at 07:08 pm

New Delhi, Mar 3 (IBNS): The Union Cabinet approving the proposal to set up a National Financial Reporting Authority (NFRA) has been partly prompted by the auditing lapses which allowed wealthy merchants like Nirav Modi to commit large-scale frauds.