Business Government to improve norms for auditors, corporate professionals Updated : June 25, 2018 06:44 AM IST Earlier this month, a senior official had said the ministry was inquiring into around 10-15 complaints related to auditors. The notification for setting up the National Financial Reporting Authority (NFRA) has already been issued and it would act as an independent regulator for the auditing profession. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.