CS Executive · Corporate Accounting and Financial Management · Introduction to Corporate Accounting
Who audits the accounts of the National Financial Reporting Authority under the Companies Act, 2013?
The Comptroller and Auditor-General of India audits the accounts of the National Financial Reporting Authority at such intervals as he specifies, and the certified accounts with the audit report are forwarded annually to the Central Government, as per Section 132(14).
- AA practising chartered accountant appointed by the NFRA chairperson
- BThe Comptroller and Auditor-General of IndiaCorrect
- CThe Registrar of Companies
- DThe Institute of Chartered Accountants of India
Explanation
Section 132(14) states that the accounts of the NFRA are audited by the Comptroller and Auditor-General of India at intervals he specifies. The certified accounts with the audit report are forwarded annually to the Central Government. The other bodies have no such role.
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