Audit watchdog National Financial Reporting Authority (NFRA) said on Friday that 6,820 companies and over 2,000 auditors come under its regulatory ambit as on 31 March 2021.
The revised database of regulated entities comprises 5,563 listed companies, 1,156 unlisted companies and 101 insurance and banking companies. The database also lists the 2,079 auditors.
Creation of this data base involves steps like identification and verification of the primary data source and reconciliation of data such as corporate identification number from different sources. The regulator said it is mandated to oversee compliance by ‘public interest entities’ which includes all listed companies and large unlisted entities. The database of entities gives clarity to businesses as well as their auditors of their statutory obligations.