1 week ago
NFRA Lists 948 Audit Firms Missing FY25 Returns
The National Financial Reporting Authority checks whether audit firms submit important yearly information.
It said 948 firms had not yet filed their FY25 NFRA-2 returns.
These returns explain which companies firms audited and provide other information about fees, staff and quality controls.
The original deadline was November 30, 2025.
NFRA is still allowing firms extra time to file.
The number of firms on the list can fall when they submit their returns.
NFRA also found 41 firms whose returns were incomplete.
The latest list mostly involves smaller and mid-sized firms, not the domestic affiliates of the Big Four.
The National Financial Reporting Authority listed 948 firms that had not filed mandatory NFRA-2 returns for FY25.
The provisional list reflects filings recorded through August 15, 2026, and firms may still notify NFRA after completing their filings.
The original deadline for FY25 returns was November 30, 2025, but the filing window remains open.
NFRA separately identified 41 firms that submitted incomplete FY25 NFRA-2 returns.
The list mainly covers smaller and mid-sized firms and excludes domestic affiliates of Deloitte, Ernst & Young, PricewaterhouseCoopers and KPMG.
- Who
- The National Financial Reporting Authority and 948 audit firms, along with 41 firms that filed incomplete returns.
- What
- NFRA published a provisional list of firms that had not filed or had incompletely filed mandatory FY25 NFRA-2 returns.
- Where
- When
- The list reflects filings recorded through August 15, 2026; the original filing deadline was November 30, 2025.
- Why
- The NFRA-2 return helps NFRA monitor audit firms and assess compliance with auditing and reporting standards.
Key facts
- Non-filers listed
- 948 audit firms
- Incomplete filers
- 41 firms
- Reporting period
- FY25
- Original deadline
- November 30, 2025
- Provisional list updated through
- August 15, 2026
- Required filing
- NFRA-2 annual return
- Legal basis
- Rule 5 of the NFRA Rules, 2018








