GS-II: Polity and Governance
National Financial Reporting Authority (NFRA) has set up a Technical Advisory Committee (TAC) to provide NFRA with inputs from the perspective of various key stakeholders. The TAC has undertaken a consultative exercise to review NFRA’s engagement with its stakeholders, and has, in its report of March, 2021, recommended ways to enhance the same.
Which of the following statements regarding National Financial Reporting Authority are correct?
Select the correct answer using the code given below:
“The transparency is financial reporting is the reflection of quality of corporate governance within an organization.” Comment (150 words)
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