November 22, 2024 23:08 (IST)
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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

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.