“Activation of the independent regulator NFRA (National Financial Reporting Authority), formation of multi-disciplinary partnerships, activation of global brands for audit including marketing and business promotion, transparency on non- audit service fees, are all steps aligned with the direction progressive countries have already moved towards. If implemented as suggested, the recommendations of the CoE (committee of experts) will improve audit quality, financial reporting and in the process ease of doing business in India."
Vishesh C Chandiok
CEO, Grant Thornton India LLP
This article appeared in Economic Times on 10th November, 2018.