NFRA, IICA Launch Second Course for Audit Panel Members

14 Aug 2025 CW Team

The initiative is part of a Memorandum of Understanding (MoU) signed in October 2024 to strengthen knowledge and capacity in corporate governance. The first course, The Directors’ Certification Programme for Audit Committee Members, ran from January to May 2025 and was attended by 79 participants. Following positive feedback, the second programme was inaugurated virtually under the leadership of IICA Director General and CEO, Shri Gyaneshwar Kumar Singh.

NFRA Chairperson Shri Nitin Gupta, in his address, underscored the vital role independent directors and audit committee members play as guardians of financial integrity. He said the joint effort demonstrates a shared commitment to protecting public interest and ensuring companies operate with transparency, accountability, and long-term sustainability. He emphasised that independence comes with the responsibility to question without fear, seek clarity without hesitation, and act with integrity, even in challenging circumstances.

The certification programme is designed to equip independent directors with specialised knowledge and practical skills in areas such as financial statement interpretation, risk management, corporate governance, capital markets, and regulatory compliance.

The course has two modules: an optional first module for non-finance professionals covering accounting principles, financial statement fundamentals, liquidity management, cost analysis, and investment evaluation; and a mandatory second module covering internal controls, audits, related party transactions, fraud risk management, ESG, and sustainability reporting. Case studies and practical experience-sharing are also included.

This joint initiative supports NFRA’s mandate to promote awareness of accounting and auditing standards, auditor responsibilities, audit quality, and related matters through training, workshops, seminars, and conferences.

The National Financial Reporting Authority (NFRA) and the Indian Institute of Corporate Affairs (IICA) jointly launched the second four-month course for audit committee members and independent directors on 12 August 2025 in New Delhi.The initiative is part of a Memorandum of Understanding (MoU) signed in October 2024 to strengthen knowledge and capacity in corporate governance. The first course, The Directors’ Certification Programme for Audit Committee Members, ran from January to May 2025 and was attended by 79 participants. Following positive feedback, the second programme was inaugurated virtually under the leadership of IICA Director General and CEO, Shri Gyaneshwar Kumar Singh.NFRA Chairperson Shri Nitin Gupta, in his address, underscored the vital role independent directors and audit committee members play as guardians of financial integrity. He said the joint effort demonstrates a shared commitment to protecting public interest and ensuring companies operate with transparency, accountability, and long-term sustainability. He emphasised that independence comes with the responsibility to question without fear, seek clarity without hesitation, and act with integrity, even in challenging circumstances.The certification programme is designed to equip independent directors with specialised knowledge and practical skills in areas such as financial statement interpretation, risk management, corporate governance, capital markets, and regulatory compliance.The course has two modules: an optional first module for non-finance professionals covering accounting principles, financial statement fundamentals, liquidity management, cost analysis, and investment evaluation; and a mandatory second module covering internal controls, audits, related party transactions, fraud risk management, ESG, and sustainability reporting. Case studies and practical experience-sharing are also included.This joint initiative supports NFRA’s mandate to promote awareness of accounting and auditing standards, auditor responsibilities, audit quality, and related matters through training, workshops, seminars, and conferences.

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

Infrastructure Urban

06 Apr 2026

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

Infrastructure Energy

06 Apr 2026

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..