Last Date:29 Mar,2020
No. NF-12012(27)/1/2019
National Financial Reporting Authority (NFRA)
Delhi
NFRA) is inviting eligible candidates to apply online for 18 permanent posts of Manager and Assistant Manager.Interested and Eligible Candidates may apply online by 29-03-2020. Candidates are advised to read all instruction carefully about filling form as mentioned in the notification.
Employment Notification 18 Manager and Assistant Manager Vacancy – NFRA,Delhi
JOB DETAILS:
Name of the post – Manager and Assistant Manager
No of post – 18
Pay Scale – Rs.35,150-62,400/- , Rs.28,150-55,600/-
Educational Qualification:
Chartered Accountant or Master of Business Administration with specialization in Finance or Accounting or Chartered Financial Analysis or Law or Post Graduation in Commerce, Economics, Finance with 6 yrs experience.
Apply to 18 Manager and Assistant Manager Vacancy – NFRA,Delhi
General Conditions:
- National Financial Reporting Authority (NFRA), New Delhi, is a statutory body set up under Section 132 of Companies Act, 2013. NFRA has been established to protect the public interest and the interests of investors, creditors and others associated with the companies or bodies corporate by establishing high quality standards of accounting and auditing and exercising effective oversight of accounting functions performed by the companies and bodies corporate and auditing functions performed by auditors. Further details can be known from the website nfra.gov.in.
- NFRA invites applications from interested and eligible Indian citizens to apply for the following posts as per this vacancy circular. It may please be noted that NFRA reserves the right to change any / all conditions of recruitment at any point of time. Online application form will be made available on NFRA website likely on 29.2.2020.
- The possibility of occurrence of some problem in the administration of the examination cannot be ruled out completely which may impact test delivery and/or result from being generated. In that event, every effort will be made to rectify such problem, which may include movement of candidates, delay in test. Conduct of a re-exam is at the absolute discretion of test conducting body. Candidates will not have any claim for a re-test. Candidates not willing to move or not willing to participate in the delayed process of test delivery shall be summarily rejected from the process.
- Decision of NFRA in all matters relating to recruitment will be final and binding on the candidate. No correspondence or personal enquiries shall be entertained by the NFRA in this behalf.
- If the examination is held in more than one session, the scores across various sessions will be equated to adjust for slight differences in difficulty level of different test batteries used across sessions. More than one session are required if the nodes capacity is less or some technical disruption takes place at any center or for any candidate.
- NFRA would be analyzing the responses (answers) of individual candidates with those of other candidates to detect patterns of similarity of right and wrong answers. If in the analytical procedure adopted by NFRA in this regard, it is inferred/ concluded that the responses have been shared and scores obtained are not genuine/ valid, NFRA reserves right to cancel the candidature of the concerned candidates and the result of such candidates (disqualified) will be withheld.
- Instances for providing incorrect information and/or process violation by a candidate detected at any stage of the selection process will lead of disqualification of the candidate from the selection process and he/she will not be allowed to appear in any NFRA recruitment process in the future. If such instances go undetected during the current selection process but are detected subsequently, such disqualification will take place with retrospective affect.
- Up to a maximum of five years if a candidate belongs to a Scheduled Caste or a Scheduled Tribe.
- Up to a maximum of three years in the case of candidates belonging to Other Backward Classes who are eligible to avail of reservation applicable to such candidates (i.e. those not belonging to creamy layer)
- Upto a maximum of 10 years in case of Persons with Benchmark Disability as stated in Para 9 above, Upto a maximum of 15 years in case SC / ST persons with said disabilities and OBC (NON-CREAMY LAYER) persons with disabilities 13 Years.
- Relaxation of 5 (five) years for Ex-servicemen – Ex-servicemen include Emergency Commissioned Officers/Short Service Commissioned Officers, who have rendered at least five years continuous Military Service and have been released (i) on completion of assignment (including those whose assignment is due to be completed within one year) otherwise than by way of dismissal or discharge on account of misconduct or inefficiency; or (ii) on account of physical disability or have been released/discharged on account of physical disability attributable to Military Service or on invalidment. Emergency Commissioned Officers/Short Service Commissioned Officers who have completed their initial period of assignment of five years of Military Service but whose assignment has been extended beyond five years and in whose case the Ministry of Defence issues certificates that they would be released on selection within three months from the date of receipt of offer of appointment.
- Candidates belonging to SC / ST / OBC (Non Creamy Layer) who are also covered under the category of Ex-servicemen will be eligible for cumulative age relaxation.
- No Cumulative age relaxation will be available to any applicant, save as provided above.
About US:
Vacancy Notice 18 Manager and Assistant Manager Vacancy – NFRA,Delhi
- National Financial Reporting Authority (NFRA) is an independent regulator to oversee the auditing profession and accounting standards in India under Companies Act 2013. It came into existence in October 2018. The Centre has appointed former IAS officer Rangachari Sridharan as chairperson of NFRA.
- After the Satyam scandal took place in 2009, the Standing Committee on Finance proposed the concept of the National Financial Reporting Authority (NFRA) for the first time in its 21st report.Companies Act, 2013 then gave the regulatory framework for its composition and constitution. The Union Cabinet approved the proposal for its establishment on 1 March 2018. The establishment of NFRA as an independent regulator for the auditing profession will improve the transparency and reliability of financial statements and information presented by listed companies and large unlisted companies in India.
- According to Section 132 of Companies Act 2013, “NFRA is responsible for recommending accounting and auditing policies and standards in the country, undertaking investigations, and imposing sanctions against defaulting auditors and audit firms in the form of monetary penalties and debarment from practice for up to 10 years.”
- Pursuant to the NFRA Rules, 2018, the powers of the NFRA were extended to include the governing of auditors of companies listed in any stock exchange, in India or outside of India, unlisted public companies above certain thresholds, and other companies specified in Rule 3 (1) therein.
- Rules 7 and 8 allow for the monitoring of accounting and auditing professionals of the companies referred to in Rule 3 (1).
- Companies under Rule 3 (2) and 3 (3) are required to disclose information of their auditors to the NFRA through form NFRA-1.
- NFRA consists of one chairman, three full-time members and one secretary.Rangachari Sridharan was appointed as the first chairman of the body in October 2018.Other posts however, still remain vacant.
- Due to notification of NFRA, India is now eligible for membership of International Forum of Independent Audit Regulators (IFIAR).Institute of Chartered Accountants of India (ICAI) however, is not open to the establishment of such an authority as it fears reduction in its own powers.
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