The Centre has appointed former IAS officer Rangachari Sridharan as chairperson of the National Financial Reporting Authority (NFRA), an entity which will function as an independent regulator for the auditing profession.
Sridharan is a retired 1983 batch IAS officer of the Karnataka cadre. The appointments committee of the cabinet also approved the appointment of retired Indian Audit and Accounts Service officer of the 1980 batch, Prasenjit Mukherjee as a full-time member in NFRA.
Source- The Times of India
Static/Current Takeaways Important for Indian Bank PO Exam 2018-
- The decision to set up NFRA as an independent regulator for the auditing profession is in line with the changes brought in by the Companies Act, 2013.