- Former IAS officer Rangachari Sridharan has been appointed as first chief of National Financial Reporting Authority (NFRA).
- Sridharan, a 1983 batch (retired) IAS officer of Karnataka cadre, will hold the post of chairperson, NFRA, for three years or till the incumbent attains the age of 65 years.
- The Union Cabinet chaired by Prime Minister Narendra Modi had on March 1, approved establishment of the NFRA having one chairperson, three full-time members and one Secretary.
- The NFRA is mandated to act as an independent regulator for the auditing profession for better regulation of financial audit of large companies.
Points to Remember:
- Head of NFRA
- In which year was it set up
- how many board members does it have