Responsibilities of Principal Auditor and Other Auditors in Group Audits: NFRA issues Circular

The National Financial Reporting Authority (NFRA) issued a circular emphasizing the responsibilities of the principal auditor and other auditors in group audits. The circular highlights the importance of effective coordination and communication between auditors to ensure comprehensive and accurate group audit reports. The NFRA stressed that principal auditors must take overall responsibility for the audit while considering inputs from other auditors.