Ajay Bhushan Pandey appointed as Chairperson of the National Financial Reporting Authority.

Why in news?

• Government has appointed Ajay Bhushan Pandey, former Finance & Revenue secretary of India, Ministry of Finance, as new Chairperson of the National Financial Reporting Authority (NFRA).
• The Appointments Committee of the Cabinet (ACC) has approved his appointment for a period of three years from the date of assumption of charge or till he attains the age of 65 years.
• The ACC has also appointed 2 full-time members for NFRA,
• Praveen Kumar Tiwari, former Deputy Comptroller and Auditor General, a retired Indian Audit and Accounts Service official.
• Smita Jhingran, Principal Director General at Central Board of Direct Taxes, an Indian Revenue Service officer.

About the National Financial Reporting Authority (NFRA):

• An independent regulatory body set up by the Government of India as envisaged under the provisions of Section 132, Companies Ad, 2013 to oversee the quality of accounting and auditing standards in India.
• Establishment – 01st October, 2018