The National Financial Reporting Authority (NFRA) has suggested updating an outdated accounting standard to align with global norms, focusing on listed private companies.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.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/WLC1pfB
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