NFRA penalises auditor for lapses in Religare Finvest case

The National Financial Reporting Authority has fined auditor Neeraj Bansal Rs 5 lakh and barred him for five years due to lapses in auditing Religare Finvest Ltd for 2017-18. Violations include failure to report fraud, assess risks, verify future taxable income, question investments, and obtain sufficient audit evidence. NFRA’s actions follow their investigation and show cause notice in May 2024.

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *