# Finance panel seeks faster NFRA reforms, sector audit studies 2026-08-12T06:22:44+00:00 | Governance | Indian Opinion Desk Corroboration: 1 independent outlet The Standing Committee on Finance has called for faster reforms at the National Financial Reporting Authority (NFRA), including a clear separation of audit quality review and disciplinary functions. It also wants sector-specific studies to address accounting challenges in industries like oil, energy and insurance. The panel, led by BJP MP Bhartruhari Mahtab, noted NFRA has received 252 complaints so far, disposing of 139 with 113 pending. No final order was issued in the past year due to ongoing court cases. The government said amendments are included in the Corporate Laws (Amendment) Bill, 2026. ## Coverage - cfo.economictimes.indiatimes.com Tags: audit regulation, Companies Act, corporate governance, financial reporting, NFRA, Standing Committee on Finance Canonical: https://indianopinion.org/finance-panel-seeks-faster-nfra-reforms-sector-audit-studies/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/finance-panel-seeks-faster-nfra-reforms-sector-audit-studies/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.