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Financial Reporting Review Board


Chairman, Financial Reporting Review Board
CA. Aniket Sunil Talati

Phone: +91 9825551448
Mobile: +91 9825551448

E-mail: aniket@talatiandtalati.com

Functions/Objectives/Terms of Reference

Formation of the Financial Reporting Review Board

  • The Council of the Institute of Chartered Accountants of India, at its 226th meeting, held in July 2002, constituted the Financial Reporting Review Board (FRRB) as its non-standing committee.

Scope and Functions of the Financial Reporting Review Board

  • The FRRB would review the general purpose financial statements of certain enterprises and auditor’s report thereon with a view to determine, to the extent possible:
    • Compliance with the generally accepted accounting principles in the preparation and presentation of financial statements;
    • Compliance with the disclosure requirements prescribed by regulatory bodies, statutes and rules and regulations relevant to the enterprise; and
    • Compliance with the reporting obligations of the auditor.

The FRRB may review the general purpose financial statements of the enterprise and the auditor’s report thereon either suo motto or on a reference made to it by any regulatory body like, Reserve Bank of India, Securities and Exchange Board of India, Insurance Regulatory and Development Authority, Ministry of Corporate Affairs, Election Commission of India etc. The FRRB may also review general purpose financial statements of the enterprises and the auditor’s report thereon relating to which serious accounting irregularities in the general purpose financial statements have been highlighted by the media reports.

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Members

  • CA. Aniket Sunil Talati, Chairman
  • CA. Babu Abraham Kallivayalil, Vice Chairman
  • CA. Dheeraj Kumar Khandelwal
  • CA. Ranjeet Kumar Agarwal
  • CA. Hans Raj Chugh
  • CA. Shriniwas Yeshwant Joshi
  • CA. Charanjot Singh Nanda
  • Adv. Vijay Kumar Jhalani

Knowledge Sharing

  • Significant Achievement
    • Cases reviewed during the year
    • Partner in Nation Building- Supporting Regulators
    • Conduct of the 100th meeting of FRRB

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Archives..

Contact Us

  • Secretary to the Board: CA. Aakanksha Khanna Kapoor
    The Institute of Chartered Accountants of India,
    ICAI Bhawan 6th Floor, Hostel Block
    ICAI Bhawan
    A-29, Sector 62, Noida-201309
    Tel: 0120-3045982

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