1. PARTNER IN NATION BUILDING- SUPPORTING REGULATORS - REVIEW OF CASES REFERRED BY REGULATORS
In its endeavor to support regulators as well as to bring transparency in financial reporting, during the year FRRB has undertaken, as special cases, review of 17 general purpose financial statement and auditor’s reports thereon of various enterprises as referred by regulators, based on media reports and other references received which are on different stages of review.
The Board supports various regulators viz Election Commission of India (ECI) in the review of annual audited accounts of political parties and Ministry of Corporate Affairs (MCA), Office of the Comptroller & Auditor General of India (C&AG) and other regulators by undertaking the review of cases as referred by them from time to time.
2. FRRB’S REVIEW COVERING 70% OF MARKET CAPITALISATION
FRRB has undertaken review of companies representing around 70% of market capitalisation, in last 3 years.