NEW DELHI: In a first and a clear message to the industry, the National Financial Reporting Authority (NFRA) is making audit quality its prime focus with the launch of a nationwide series of outreach programmes aimed at at enhancing audit quality and promoting sustainable audit practices for all sizes of audit firms.
The series of outreach programmes is titled “Creating a Better Financial Reporting World” and will be held at various locations across the country. The inaugural programme is scheduled to be held in Hyderabad on 26 September 2025. Similar outreach programmes are being planned at Indore on 06.10.2025 and at other cities during the rest of the year.
With these events, NFRA intends to take forward its past initiatives of engagement with the professionals in 2024, with the Bombay Chartered Accountants Society and the Karnataka State
Chartered Accountants Association.
These outreach programmes across the country aim to obtain stakeholder feedback, outline expectations, discuss aspects relating to enhancing skills and technical knowledge, and promote the adoption of best practices, especially in relation to Public Interest Entity audits in the country.
NFRA remains committed to extending such collaborative efforts to more cities and invites stakeholders to request further outreach activities.
NFRA has also initiated its first-ever “Audit Firms Survey 2025” alongside the outreach activities aimed at addressing issues related to audit quality, and towards its role of supporting all audit practitioners effectively. The insights gathered will enable NFRA to further tailor its roles and responsibilities and enable constructive dialogue with all audit firms and audit practitioners.
The initiative, titled “Creating a Better Financial Reporting World”, is designed to promote best practices in audits, particularly those concerning Public Interest Entities (PIEs).
Through these workshops, NFRA seeks to bring auditors, academics, professional bodies, and industry experts together to deliberate on pressing issues around audit quality, technical competencies, and evolving global standards. Informative technical sessions will accompany the discussions to equip firms of all sizes with tools and insights to enhance audit practices.
“This new series is part of NFRA’s ongoing commitment to create a strong, transparent, and reliable audit ecosystem. By working closely with practitioners, we aim to ensure that India’s financial reporting stands on par with global standards,” the authority said in a statement.
The initiative builds on NFRA’s past collaborations in 2024 with bodies such as the Bombay Chartered Accountants Society and the Karnataka State Chartered Accountants Association, marking a shift toward broader, structured engagement with the profession.
