The National Financial Reporting Authority (NFRA) has suggested updating an outdated accounting standard to align with global norms, focusing on listed private companies. This proposal aims to safeguard investors by addressing multiple accounting lapses. Despite resistance from auditors, NFRA stresses the importance of modern standards given today’s complex financial systems and increasing retail investor participation.
Related Posts
Taj 1st desi hotel co to top Rs 1 lakh crore mcap
Tata Group’s IHCL, managing Taj Hotels, has reached a market cap of Rs 1 lakh crore, making it the first Indian hospitality company to do […]
Swiggy IPO buzz leads to massive rally; shares surge 40% in unlisted market
Swiggy has secured Sebi’s approval for its IPO, resulting in a nearly 40% surge in its unlisted share prices from July to September. The company […]