NFRA Sets Up Advisory Committee on Audit Quality (2026)

NFRA sets up advisory committee on audit quality and technology

Next story · 4 SepGSLV-F17 launches EOS-05, India’s first imaging satellite in geosynchronous orbit

Battle Brief

On 4 September 2026 the National Financial Reporting Authority set up an Advisory Committee on Audit Quality, Assurance and Technology, using Rules 15 and 16 of the NFRA Rules, 2018. Its experts come from audit professionals, CFOs, audit committees, independent directors, technology, regulators and industry. It is NFRA’s third such advisory body.

Fact File

Date: 4 Sep 2026
Body: National Financial Reporting Authority (NFRA)
Committee: Advisory Committee on Audit Quality, Assurance and Technology
Legal basis: Rules 15 and 16, NFRA Rules, 2018
Earlier bodies: Technical Advisory Committee (2020 to Dec 2022); Advisory Group (July 2024)

In the news

NFRA’s new advisory committee: what happened?

Audits are trusted only if their quality is high. NFRA has the job of promoting auditing and accounting standards and audit quality. The new committee brings in outside experts, including technology experts, to advise it on matters that affect audit quality.

NFRA constituted an Advisory Committee on Audit Quality, Assurance and Technology under Rules 15–16 of the NFRA Rules, 2018 [PIB].

Back Story

Why form this committee?

The NFRA Rules let NFRA form committees, study groups and task forces to perform its functions.
They also let it promote awareness of auditing and accounting standards and of audit quality.
The committee will give inputs on matters that bear significantly on audit quality.

Back Story

What came before it?

First: the Technical Advisory Committee, set up in 2020; its term ended in December 2022.
Second: an Advisory Group formed in July 2024 on Auditor-Audit Committee resources and outreach to Audit Committees and Independent Directors.
The new committee is the third.

Exam Radar

What can Prelims ask on NFRA’s new advisory committee?

NFRA: audit-quality regulator; NFRA Rules, 2018.
Rules 15 and 16: power to form committees and promote audit quality awareness.
Advisory Committee on Audit Quality, Assurance and Technology: formed September 2026.

How to use this in Mains

GS-III Indian economy: mobilisation of resources, financial inclusion

As per PIB (2026-09-04): NFRA constituted an Advisory Committee on Audit Quality, Assurance and Technology under Rules 15–16 of the NFRA Rules, 2018.
Audit quality underpins investor trust.

Quotable data point
NFRA constituted an Advisory Committee on Audit Quality, Assurance and Technology under Rules 15–16 of the NFRA Rules, 2018.
PIB: NFRA: advisory committee on audit quality, 4 Sep 2026

Practice MCQs

Original practice questions (not PYQs).

Practice · UPSC

NFRA's September 2026 advisory committee was formed under the

Answer (b) & explanation

PIB, 4 Sep 2026.

Quick questions

Questions students ask about this

What committee did NFRA set up in September 2026?

An Advisory Committee on Audit Quality, Assurance and Technology.

Under which rules was it formed?

Rules 15 and 16 of the National Financial Reporting Authority Rules, 2018.

Who are its members?

Experts representing professionals, CFOs, audit committees, independent directors, technology experts, regulators and industry.