Auditing of companies has improved in last 3-4 yrs: NFRA Chairperson
The National Financial Reporting Authority (NFRA) chief emphasized that audit quality has improved in the past few years. However, better communication between auditors and board members is needed to prevent corporate failures. Over 80 orders against auditors were issued, including cases like Cafe Coffee Day and DHFL. Courses are being launched to enhance auditors' knowledge.