Supreme Court Clears Path for NFRA to Tighten Oversight on Auditors, Stays Enforcement of Final Orders
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- Last Updated on 27 March, 2025
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The Supreme Court has allowed the National Financial Reporting Authority (NFRA) to proceed with disciplinary actions against chartered accountants and audit firms while temporarily staying the enforcement of final orders. This decision follows NFRA’s appeal against a Delhi High Court ruling, which had questioned the regulator’s structure and procedures. The Supreme Court’s ruling permits NFRA to continue investigations and hearings but restricts it from passing or enforcing final decisions until further notice.
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