Audit push: NFRA releases second audit practice toolkit; focuses on revenue risk assessment

The National Financial Reporting Authority (NFRA) has launched its second Audit Practice Toolkit, focusing on revenue risk assessment for small and medium audit practitioners. This initiative aims to enhance audit quality by providing a practical guide for identifying and assessing material misstatements in revenue.

Audit push: NFRA releases second audit practice toolkit; focuses on revenue risk assessment
The National Financial Reporting Authority (NFRA) has launched its second Audit Practice Toolkit, focusing on revenue risk assessment for small and medium audit practitioners. This initiative aims to enhance audit quality by providing a practical guide for identifying and assessing material misstatements in revenue.