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NFRA releases first part of Auditor-Audit Committee Interaction ...


NFRA Issues Guidance to Boost Auditor-Committee Dialogue on Accounting Estimates, Focus on Expected Credit Losses Under Ind AS 109.

January 12, 2025

News     Indian Laws

NFRA releases first part of Auditor-Audit Committee Interaction Series on Audit of Accounting Estimates and Judgments focusing on Expected Credit Losses under Ind AS 109. Series aims to enhance communication between auditors and audit committees, promote audit quality and investor protection by highlighting potential questions audit committees may ask auditors regarding accounting estimates and judgments, drawing from requirements under CA 2013, SA 260(R), 265, other SAs and SQC.

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