The Institute of Chartered Accountants of India (ICAI) has published an Exposure Draft for its Compendium of Social Audit Standards. This follows the Securities and Exchange Board of India's notification on the formation of a Social Stock Exchange. The ICAI has been appointed as the Self-Regulatory Organisation for social auditors and has developed draft standards covering sixteen thematic areas. Public comments on the draft are invited until August 26, 2022.
Sustainability Reporting Standards Board
The Institute of Chartered Accountants of India
5th August, 2022
Exposure Draft of Compendium of Social Audit Standards - for Comments
Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Third Amendment) Regulations,
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FAQ :
The ICAI has released an Exposure Draft of the Compendium of Social Audit Standards for public comment.
A Social Stock Exchange is a separate segment of a recognised stock exchange where Not-for-Profit Organizations can register and/or list securities.
The ICAI has been entrusted with the responsibility of being the Self-Regulatory Organisation for regulating the profession of social auditors.
The Exposure Draft includes a Draft Preface to the Social Audit Standards, a Draft Framework for the Social Audit Standards, and Draft Social Audit Standards (SAS) on sixteen thematic areas.
Comments can be submitted online via a provided link or by emailing sustainability2022@icai.in.
Comments must be received no later than August 26, 2022.