In a significant regulatory action, the National Financial Reporting Authority (NFRA) has handed down bans of up to 10 years to two auditors for shortcomings identified in the FY18 audits of Dewan Housing Finance Corporation Limited (DHFL).

This move highlights the regulatory commitment to maintaining rigorous auditing standards and ensuring financial transparency within the real estate sector.

The disciplinary action reinforces the importance of accountability and adherence to auditing norms in bolstering investor confidence and financial integrity.