CURRENT AFFAIRS

Detailed explanation-1: -Q. Who has been appointed as the Chairman of the National Financial Reporting Authority (NFRA)? Notes: The Government has appointed former Finance Secretary Ajay Bhushan Pandey as Chairman of the National Financial Reporting Authority (NFRA).

Detailed explanation-2: -National Financial Reporting Authority (NFRA) is an independent regulator set up to oversee the auditing profession and the Indian Accounting Standards under the Companies Act 2013. It came into existence in October 2018. The chairperson since March 2022 is Ajay Bhushan Pandey.

Detailed explanation-3: -Speaking at the conference on “Financial Reporting and Corporate Governance in the Corporate Sector”, Dr Ajay Bhushan Prasad Pandey, Chairperson, NFRA, said here today that Sound Corporate Governance is bedrock of corporate sector that contributes to the sustainable growth and development of the Nation as whole.

Detailed explanation-4: -The applicant should possess the following: He/she should not be above the age of 35 years as on the last date of receipt of application; He/she should be a qualified Chartered Accountant and should have passed the Final exam in maximum 5 attempts; He/she should have membership of ICAI; iii.