National Financial Reporting Authority

GS PAPER III: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment.

Context: National Financial Reporting Authority (NFRA) has set up a Technical Advisory Committee (TAC) to provide NFRA with inputs from the perspective of various key stakeholders.

• The TAC has undertaken a consultative exercise to review NFRA’s engagement with its stakeholders, and recommended ways to enhance the same.

About NFRA

• National Financial Reporting Authority (NFRA) was established by the Central Government in October 2018 with the fundamental objective of driving systemic change in the Indian Financial Reporting System for Public Interest Entities (PIEs).
• NFRA has identified engagement with various categories of stakeholders as central in its strategy to deliver on its public interest mandate.

https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1725395