The National Financial Reporting Authority (NFRA), India’s audit watchdog, has appointed Nitin Gupta as its chairperson.  

From June 2022 to June 2024, Gupta held the position of Chairman at the Central Board of Direct Taxes (CBDT). 

With experience spanning the Income Tax Department and Ministry of Finance, he spearheaded automation, faceless assessments, and taxpayer services initiatives.  

As CBDT Chairman, he leveraged technologies, including AI and big data analytics, to enhance business ease, which are claimed to have resulted in “record” direct tax-to-GDP ratios and tax revenue growth, as per a release from the corporate affairs ministry. 

Additionally, NFRA appointed three new full-time members: Smita Jhingran, P Daniel, and Sushil Kumar Jaiswal.  

Smita Jhingran has a history of involvement with NFRA, where she has expertise in the convergence of Indian auditing and accounting standards with international practices.  

Her previous roles include Secretary at the Competition Commission of India and various senior positions within the Income Tax Department. 

In his career, Daniel contributed to vigilance and anti-corruption measures as the former Secretary of the Central Vigilance Commission.  

Jaiswal’s background spans in overseeing audits of central revenue and tax departments as the Director General of Audit (Central Receipts). His international experience includes leading and supervising audits for UN Peacekeeping Operations and various UN agencies. 

Meanwhile, in June 2025, NFRA urged collaboration between audit committees and auditors to strengthen corporate governance, emphasising thorough engagement led by independent directors.