Which acronym refers to the Indian regulator for company financial reporting standards?

1. Step 1: The National Financial Reporting Authority (NFRA) is the Indian regulator for accounting + auditing standards for companies. 2. Step 2: PCAOB is US; FASB is US accounting board; IFRS Foundation is global. 3. Step 3: Hence (A) is correct. _Source: ICAI BoS CA Inter Paper 1, Ch 1 "Introduction to Accounting Standards"_