New Delhi, March 28 -- The audit watchdog National Financial Reporting Authority (NFRA) has highlighted specific aspects of practice that auditors SRBC & Co. LLP, Walker Chandiok & Co. LLP and Deloitte Haskins and Sells LLP need to improve in a series of reports prepared after visiting the firms and inspecting specific audits conducted by them.

NFRA's inspection reports are not disciplinary in nature but offer audit firms an opportunity to improve their systems and procedures.

NFRA said in a report released on Friday that Walker Chandiok & Co., which the regulator previously reported as part of Grant Thornton International Ltd, needs to comply with auditor independence requirements specified in Section 144 of the Companies Act.

The wat...