NFRA bans two auditors for up to 10 years for lapses in DHFL FY18 audits

NFRA bans two auditors for up to 10 years for lapses in DHFL FY18 audits

Dated on: Thursday 7th December 2023

The National Financial Reporting Authority (NFRA) has penalized two partners from Mumbai-based Chaturvedi & Shah LLP (C&S) for alleged professional lapses in auditing the FY18 accounts of the now-defunct Dewan Housing Finance Corporation Ltd (DHFL). This action is part of the ongoing regulatory measures against the auditors of the crisis-hit housing finance company.

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