The recent clarification by the Solicitor General of India (SGI), Tushar Mehta, has reaffirmed the boundaries of authority between the National Financial Reporting Authority (NFRA) and the Institute of Chartered Accountants of India (ICAI). This pivotal decision highlights a defining moment in the governance of auditing and quality management standards in India. The implications of … Continue reading The Evolving Role of NFRA in Regulating Auditing Standards: Implications for the ICAI and Quality Management