Fri Sep 20 08:37:19 UTC 2024: ## NFRA Releases Revised Guidelines Unexpectedly, Sparking Concerns from ICAI
**New Delhi, Sep 20, 2024:** The Institute of Chartered Accountants of India (ICAI) has expressed concern over the unexpected release of revised guidelines by the National Financial Reporting Authority (NFRA).
According to sources, discussions between the two bodies were ongoing regarding these guidelines when the NFRA unilaterally released the updated version. The ICAI has not publicly commented on the specifics of the revised guidelines or its concerns.
This development has raised questions about the communication and coordination between the two regulatory bodies responsible for accounting and auditing standards in India.
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