Social Auditor: New Professional Avenue

CMA Harshad S Deshpande | Last updated: 08 March 2023

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SEBI has introduced the Social Stock Exchange (SSE) to provide Social Enterprises with new avenues for fundraising. A key element is the Annual Impact Report, audited by a Social Auditor, to verify the impact of these enterprises. The Institute of Cost Accountants of India (ICMAI) has established the ICMAI Social Auditors Organization (SAO) to regulate and train Social Auditors, including CMAs, to meet these new requirements and ensure robust governance.

SEBI vide its notification dated 25th July, 2022 has made amendments in the SEBI (ICDR) Regulations, 2018, and SEBI (LODR) Regulations, 2015. These amendments have been made to provide Social Enterprises with additional avenues to raise funds through the Social Stock Exchange (SSE), which is a novel

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About the Author

CMA Harshad S Deshpande

Insolvency Professional, Registered Valuer, Cost Accountant

CMA HARSHAD S DESHPANDE , M.com, FCMA, CS, CISA(USA), CIMA (UK), Insolvency Professional, Registered Valuer, Independent Director, Social Auditor CMA Harshad S. Deshpande is practicing Cost Management accountant and partner in M/S Harshad S Deshpande Associates firm of practicing CMAs rendering professional servic ... Read more

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