India, Nov. 3 -- The Government of India has issued a release:
The National Financial Reporting Authority (NFRA) has commenced issuing audit practice toolkits with a focus on supporting the small and medium practitioners engaged in the audits. This initiative is part of NFRA's systemic drive to continue to support the overall quality of auditing practices in India. This is in continuation of NFRA's recent initiatives to conduct outreach programmes for audit firms and audit practitioners, especially focusing on small and medium practitioners.
NFRA has issued this audit practice toolkit with regards to fundamental and critical aspect of the audit i.e., development and document of audit strategy commensurate with the risk profile of the audi...