Place audit orders in public domain to boost trust: CIC to NFRA

Increased transparency in financial reporting and audit practices is a positive for market integrity and investor confidence. It reduces information asymmetry and promotes better corporate governance.

• •CIC urged NFRA to publish all orders, directions, and policy decisions impacting audit practices.
• •The move aims to enhance transparency and public trust in financial reporting.
• •Information should be readily available on NFRA's website.
• •Risk flag: Slow implementation by NFRA
• •Risk flag: Resistance from audited entities