The National Financial Reporting Authority (NFRA) has announced a series of outreach programs across the country, titled "Creating a Better Financial Reporting World," to enhance stakeholder engagement with audit professionals, improve audit quality, and promote sustainable audit practices. The program aims to obtain stakeholder feedback, outline expectations, discuss skill enhancement, and promote best practices, especially for Public Interest Entity audits. The inaugural program will be held in Hyderabad on September 26, 2025, followed by Indore on October 6, 2025, and other cities throughout the year. NFRA Chairperson Shri Nitin Gupta will inaugurate the Hyderabad event, which will include professionals, academics and experts. NFRA invites stakeholders to request further outreach activities. Alongside these programs, NFRA has initiated its first Audit Firms Survey 2025 to address audit quality issues and support audit practitioners. The insights from the survey will enable constructive dialogue with all audit firms and practitioners. The announcement was made on September 18, 2025. NBAD Release ID: 2168223
Key Entities Referenced
National Financial Reporting Authority (NFRA): The primary regulator announcing and conducting outreach programs to enhance stakeholder engagement and audit quality.
Public Interest Entity audits: A key area of focus for the outreach programmes, aiming to improve audit practices.
Creating a Better Financial Reporting World: The title of the outreach program series focused on enhancing audit quality.
Audit Firms Survey 2025: NFRA's survey initiated alongside the outreach activities to address audit quality issues.
Hyderabad: Location of the inaugural outreach program.
Ministry of Corporate Affairs
NFRA announces outreach programmes across the
country to enhance its stakeholder engagement
initiatives with audit professionals
The series of outreach programmes “Creating a
Better Financial Reporting World” will be held at
various locations across the country
The outreach programmes aim to obtain stakeholder
feedback, outline expectations and promote adoption
of best practices in relation to Public Interest Entity
audits in the country
Posted On: 18 SEP 2025 6:44PM by PIB Delhi
The National Financial Reporting Authority (NFRA) has announced outreach programmes across the country
to further enhance its outreach and stakeholder engagement initiatives with audit professionals. The initiative
is aimed at enhancing audit quality and promoting sustainable audit practices for all sizes of audit firms.
The series of outreach programmes is titled “Creating a Better Financial Reporting World” and will
be held at various locations across the country. The inaugural programme is scheduled to be held in
Hyderabad on 26 September 2025. Similar outreach programmes are being planned at Indore
on 06.10.2025 and at other cities during the rest of the year.
The series will be inaugurated at Hyderabad by the Chairperson, NFRA, Shri Nitin Gupta and will
involve eminent professionals and experts. The workshop series will bring together auditors,
professional bodies, academics, and experts to discuss key practical themes on several
professional and qualitative aspects of audit. Informative and interesting technical sessions have
also been planned as part of the outreach programmes.
With these events, NFRA intends to take forward its past initiatives of engagement with the
professionals in 2024, with the Bombay Chartered Accountants Society and the Karnataka State
Chartered Accountants Association.
These outreach programmes across the country aim to obtain stakeholder feedback, outline
expectations, discuss aspects relating to enhancing skills and technical knowledge, and promote
the adoption of best practices, especially in relation to Public Interest Entity audits in the country.
NFRA remains committed to extending such collaborative efforts to more cities and invites stakeholders to
request further outreach activities.NFRA has also initiated its first-ever “Audit Firms Survey 2025” alongside the outreach activities
aimed at addressing issues related to audit quality, and towards its role of supporting all audit
practitioners effectively. The insights gathered will enable NFRA to further tailor its roles and
responsibilities and enable constructive dialogue with all audit firms and audit practitioners.
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NB/AD
(Release ID: 2168223)