National Financial Reporting Authority (NFRA)

The National Financial Reporting Authority (NFRA) is an Indian regulatory body responsible for overseeing the quality and integrity of financial reports prepared by large companies. Its main role is to set independent accounting and auditing standards, monitor compliance, and review the work of auditors to ensure transparency and accuracy in financial disclosures. NFRA helps maintain investor confidence, prevent corporate fraud, and strengthen the overall financial system by ensuring that companies follow proper reporting practices. It operates independently from other regulators to uphold high standards of financial accountability.