Delhi, Feb 19
To discharge its mandate, National Financial Reporting Authority (NFRA) created a data base of Companies and Auditors that come under the regulatory ambit of NFRA. NFRA has updated the said database as on 31.3.21. This comprises of 6,820 companies including 5,563 listed companies, 1,156 unlisted companies and 101 Insurance and Banking Companies. The details of 2,079 Auditors of such entities have also been included in the data base.
Creation of this data base involves steps like identification and verification of the primary data source and reconciliation of data (such as Corporate Identification Number (CIN) which is dynamic) from different sources. In this regard, the NFRA has been engaging with the Corporate Data Management (CDM) division of the Ministry of Corporate Affairs (MCA) and three recognised Stock Exchanges in India.
The National Financial Reporting Authority (NFRA) is a regulatory body set up under Section 132 of the Companies Act, 2013 to oversee compliance with Accounting and Auditing Standards by Public Interest Entities (PIEs) as defined in Rule 3 of NFRA Rules 2018 and their Statutory Auditors. Such PIEs includes all listed companies and large public unlisted companies.