NFRA debars auditors, imposes Rs 50 lakh penalties for lapse

NFRA debars auditors, imposes Rs 50 lakh penalties for lapses in Brightcom, CMIL cases

The National Financial Reporting Authority (NFRA) has barred auditors of M/s Brightcom Group for up to ten years and imposed heavy monetary penalties on them, citing professional misconduct in auditing the company between FY20 and FY22.

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