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National Financial Reporting Authority (NFRA) Chairman Nitin Gupta emphasized the need for closer collaboration between regulators and the accounting profession to strengthen audit quality and financial reporting in India. Speaking at an ICAI-NFRA workshop in Pune, he highlighted auditors' expanding responsibilities amid digital transformation and AI adoption. Gupta stressed that strong corporate governance, reliable financial reporting, and credible audits are essential for sustaining India's economic growth. ICAI leaders also underscored continuous professional development and technology-driven skill enhancement. 
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