Letter to BS: No CAs in Govt's regulatory body for accounting professionals

The function of the NFRA is to regulate the standards on accounting and auditing and oversee their compliance

This is in reference to “No CA’s in Centre’s new regulatory body for accounting professionals” (March 8). The news item stated that the National Financial Reporting Authority (NFRA) will be a body run by retired bureaucrats. If that is the case, the bureaucrats will ultimately have to seek help from CAs as the profession of accounting and auditing has become technical, thanks to the complex agreements that take place in commercial world. 

For example, when one books a cab, that booking provides the passenger loyalty points by some airline company, banks, e-wallets etc. Thus, the booking of a cab not only