Overview

• Speaking at Ficci's 'Agile Governance' conference in New Delhi on August 28, Nitin Gupta stressed good corporate governance and the central role of external auditors.
• He called for comprehensive internal controls and strong risk management to support trustworthy financial statements.
• Gupta urged Indian auditors to adopt risk-based approaches and greater use of technology in their work.
• He flagged difficulties in identifying related parties and assessing disclosures, and suggested more transparent, substantive annual reports.
• NFRA is promoting sound reporting practices and acting against auditing lapses, though Gupta noted he was sharing personal views.