NFRA to complete 10 audit firm inspections FY26, exploring AI to boost oversight
Gupta said NFRA is taking “baby steps” in testing AI, which could later be deployed on a larger scale. “The idea is to expedite the overall workflow and make it more efficient.” The move would enable the regulator to analyze more financial statements on critical accounting policies, questionable transactions, and auditors’ professionalism in a fast-moving…