SEBI will appoint forensic auditors for listed companies

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Market regulator SEBI is looking for to appoint auditors to carry out forensic audits of the monetary statements of publicly traded companies as a part of efforts to curb fraud.

In current months, SEBI has ordered a forensic audit of sure companies.

The Securities and Exchange Board of India (SEBI) has invited purposes from approved accounting companies eligible for “empanelment to take on assignments related to forensic audits of financial statements of listed companies.”

“The request will not be considered when actions or disciplinary procedures have been initiated against the applicant, its partners or directors, by any regulatory body or court of law,” mentioned SEBI.

In October 2020, SEBI requested listed companies to reveal the initiation of forensic audit to inventory exchanges to deal with data availability gaps.

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