NFRA reports auditing deficiencies in India's top accounting firms

The National Financial Reporting Authority (NFRA) released inspection reports of India's top accounting firms on Monday, highlighting deficiencies in their auditing process. The reports on PwC, BSR & Co, SRBC & Co, and MSKA and Associates said there were inadequate expense documents and policy execution inconsistencies. NFRA added some individual transactions couldn't be traced to their source.