The National Financial Reporting Authority (NFRA) organized a one-day stakeholder outreach programme and workshop in Indore as part of the "Creating Better Financial Reporting Ecosystem" series. The event, which followed the inaugural programme held in Hyderabad on 26.09.2025, focused on strengthening audit quality among Small and Medium Audit Practitioners (SMPs) and brought together professionals from across Madhya Pradesh.
The workshop was inaugurated by Shri P. Daniel, Full Time Member, NFRA. Special addresses were given by CA Manoj Fadnis, Former President of ICAI, and CA Kemish Soni, former CCM ICAI. Technical sessions, designed to provide practical insights, covered topics such as Audit Strategy Documentation, Audit Sampling, and Concluding the Audit. Eminent expert faculty CA Aseem Trivedi and NFRA officers shared their expertise.
NFRA urged practitioners to file NFRA-2 returns on time and also participate in its Audit Firms Survey 2025. The event was posted on 06 OCT 2025 at 9:58 PM by PIB Delhi. The Release ID is 2175604.
Key Entities Referenced
National Financial Reporting Authority (NFRA): The primary organizer and focus of the outreach program aimed at strengthening audit quality.
Indore: The location where the stakeholder outreach program and workshop took place.
Ministry of Corporate Affairs: The ministry under which NFRA operates.
Creating Better Financial Reporting Ecosystem: The name of the series of outreach programs organized by NFRA.
Ministry of Corporate Affairs
NFRA organises one-day stakeholder outreach
programme in Indore as part of “Creating Better
Financial Reporting Ecosystem” Series
Workshop Series focusses on Small and Medium
Audit Practitioners of Indore
Posted On: 06 OCT 2025 9:58PM by PIB Delhi
The National Financial Reporting Authority (NFRA) organized a one-day stakeholder outreach programme
and workshop today in Indore. The programme is a part of the series “Creating Better Financial Reporting
Ecosystem”. The inaugural programme of this series was held at Hyderabad on 26.09.2025. The Indore
programme focused on strengthening audit quality among Small and Medium Audit Practitioners (SMPs) and
brought together professionals from across Madhya Pradesh and the region to deliberate on key aspects of
audit practice in India’s evolving regulatory landscape.
The workshop was inaugurated by Shri P. Daniel, Full Time Member, NFRA. In his inaugural address, Shri
Daniel emphasized the pivotal role of the accountancy profession in safeguarding public interest and building
trust in financial reporting. He highlighted the importance of professional scepticism, independence, and
adherence to global best practices in strengthening India’s financial ecosystem. He stated that the outreach
programmes planned by NFRA were towards supporting audit quality efforts by small and medium
practitioners.
The programme also featured a Special Address by CA Manoj Fadnis, Former President of ICAI, who
highlighted the challenges and opportunities before SMPs and encouraged practitioners to continuously
enhance quality and adopt innovation in audit practices. CA Kemish Soni, former CCM ICAI also addressed
the participants.
The technical sessions were designed to provide practical insights to practitioners and covered importanttopics such as Audit Strategy Documentation, Audit Sampling and Concluding the Audit. Eminent expert
faculty CA Aseem Trivedi, along with NFRA officers shared their expertise and experience. The sessions
provided actionable takeaways for strengthening audit quality in day-to-day practice.
NFRA urged practitioners to file NFRA-2 returns on time and also participate in its Audit Firms Survey 2025
to support systemic improvements in audit quality.
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(Release ID: 2175604)