NFRA finalises auditing standards for LLPs, recommend them for Centre’s approval
NFRA recommends auditing standards for LLPs, enhancing transparency and compliance for limited liability partnerships from April 1, 2026.
NFRA Proposes Auditing Standards for LLPs: A New Era of Financial Transparency
The National Financial Reporting Authority (NFRA) plans to apply auditing standards to Limited Liability Partnerships (LLPs). These standards, previously set for companies, await government approval.
NFRA Approves Comprehensive Auditing Standards for Limited Liability Partnerships in India
The NFRA has recommended various auditing standards for Limited Liability Partnerships, ensuring compliance with quality management protocols.
NFRA recommends revised audit standards for LLPs, ICAI objects to some changes
The NFRA has proposed new audit standards for LLPs, set to take effect in April 2026, despite ICAI's concerns about potential market concentration among major audit firms. The standards are similar to those for companies and were finalized in a recent NFRA meeting.
NFRA suggests 40 audit standards for LLPs to govt
The National Financial Reporting Authority (NFRA) recommended 40 auditing standards for limited liability partnerships (LLPs) to the corporate affairs ministry. These standards, finalized in November for companies,
NFRA recommends company audit standards be made applicable to LLPs
Experts noted that while specific standards on auditing exist for companies, such standards are yet to be notified for LLPs
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The Benefits of Master Limited Partnerships (MLPs)
And not all PTPs are MLPs; some could be publicly traded limited liability companies (LLC) that have decided to be taxed as a partnership. Just as with ordinary shares, when investors sell ...
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India’s NFRA to discuss audit norms for Limited Liability Partnerships
This initiative is viewed as part of ongoing regulatory efforts to support India's start-up ecosystem, following the ...
After years of debate, county one step closer to a cap on vacation rentals
Clatsop County could soon see a cap on vacation rentals, marking the end of a chapter in a yearslong debate over property ...
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Silent Partner vs. General Partner: What’s the Difference?
General partners in a limited partnership, however, have full liability for partnership debts. If the business goes under, a general partner may have their personal assets seized or liquidated ...
California judge rules DAO members liable under partnership laws
A California judge ruled that DAO members could face liability for group actions under general partnership law, impacting ...