NFRA forms Advisory Committee on Audit Quality, Assurance and Technology
On 4 September 2026, the National Financial Reporting Authority constituted an Advisory Committee on Audit Quality, Assurance and Technology under Rules 15 and 16 of the NFRA Rules, 2018.
Summary
The National Financial Reporting Authority (NFRA) constituted an Advisory Committee on Audit Quality, Assurance and Technology on 4 September 2026, using Rules 15 and 16 of the NFRA Rules, 2018, which allow it to form committees, study groups and task forces. The committee brings together professionals, CFOs, audit committee members, independent directors, technology experts, regulators and industry. The panel is NFRA's third such body: the first, a Technical Advisory Committee, was set up in 2020 and its term ended in December 2022, and an Advisory Group on auditor–audit committee resources was formed in July 2024.
Key facts
- Body
- National Financial Reporting Authority (NFRA)
- New panel
- Advisory Committee on Audit Quality, Assurance and Technology
- Legal basis
- Rules 15 & 16, NFRA Rules 2018
- Earlier
- Technical Advisory Committee (2020–Dec 2022); Advisory Group (July 2024)
- Members
- Professionals, CFOs, audit committees, independent directors, tech experts, regulators, industry
Practice MCQs 2 questions
Under which provisions did the National Financial Reporting Authority constitute its Advisory Committee on Audit Quality, Assurance and Technology in September 2026?
Show answer
Correct answer: B — Rules 15 and 16 of the NFRA Rules, 2018
NFRA acted under Rules 15 and 16 of the NFRA Rules, 2018, which authorise it to form committees, study groups and task forces.
NFRA's first advisory body, the Technical Advisory Committee, was constituted in which year?
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Correct answer: D — 2020
The Technical Advisory Committee was constituted in 2020 and its term ended in December 2022.