Regulatory Compliance

NFRA Standards
Compliance.

National Financial Reporting Authority standards — our audit firm is fully NFRA-registered, complies with all NFRA-prescribed Standards on Auditing, and files the annual Transparency Report on schedule.

Overview

Audit quality under NFRA oversight.

The National Financial Reporting Authority has raised the bar on audit quality for public-interest entities, with inspections, investigations and enforcement that reach individual engagement files. Documentation, professional scepticism and the evidence supporting key judgements are now examined in detail — and shortcomings carry meaningful sanctions.

We run our engagements to withstand NFRA inspection from the outset: clear risk assessments, contemporaneous working papers, robust review and a defensible basis for every significant conclusion. For audit committees and CFOs, that discipline translates into reduced regulatory risk and a report they can rely on without reservation.

NFRA Registration

DeccanBridge is registered with NFRA — all public interest entity audits are conducted under NFRA oversight. The firm files annual transparency reports covering governance, independence policies, and audit quality indicators.

Standards on Auditing

All audit engagements follow SAs issued by ICAI and adopted by NFRA. SA 220 (Quality Control), SA 230 (Documentation), SA 240 (Fraud), SA 260 (TCWG), and SA 570 (Going Concern) are embedded in our methodology.

Peer Review

Our audit practice is peer-reviewed under the ICAI peer review programme. The peer review certificate is maintained and available for inspection. Audit working papers meet NFRA document retention requirements of 7 years.

Common questions

NFRA standards FAQ.

What is NFRA and whom does it cover?
The National Financial Reporting Authority — regulator of auditors of listed and large public-interest entities, with powers to inspect audit files, sanction auditors and shape accounting standards.
How does NFRA affect companies rather than auditors?
Indirectly but firmly — auditors under NFRA scrutiny demand better evidence, earlier schedules and stronger judgment documentation from companies. The bar rose for everyone.
What should our finance team change in response?
Contemporaneous position papers for judgments, evidence-grade closing files and a close calendar with audit-deliverable discipline — the companies that adapt fastest get the smoothest audits.

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