NFRA publishes list of auditors who have not filed returns for FY20

Oct 14, 2022

Synopsis
According to rules, all auditors are required to file their annual returns with NFRA by filling a form NFRA-2 on or before 30 November every year.

Auditing regulator National Financial Reporting Authority (NFRA) on Thursday published a list of auditors who have not filed annual returns for the year FY20.

According to a press release issued by NFRA, a total of 1,684 audit firms have not filed their returns for FY20 while 617 did not file their returns for FY19.

According to rules, all auditors are required to file their annual returns with NFRA by filling a form NFRA-2 on or before 30 November every year.

"Attention of all defaulting audit firm/auditors is invited to the fact that non-filing of NFRA-2 form is a non-compliance covered under Rule 13 of NFRA rules and attracts penal provisions," said NFRA in the press release. "It is also reminded that the due date for the reporting period 2021-22 (Audit reports signed during the period 01.04.2021 to 31.03.2022) is 30 November 2022."

While the lists published on the website pertain to FY19, FY20, the deadline for filing annual returns for FY21 is November ,30, 2022.

NFRA regulates auditors and their financial reporting and was created to deal with the auditors providing their services to large companies especially the listed ones.

According to the list published on NFRA website, nearly 1,400 auditors empanelled to provide audit services to listed companies have also not filed their FY20 returns.

[The Economic Times]