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SEBI- Empanelment of forensic auditors for conducting forensic audit of listed companies

Securities and Exchange Board of India (hereinafter referred to as “SEBI”) invites applications of eligible CA firms / companies (hereinafter referred to as “applicant”) for empanelment to take up assignments relating to forensic audit of financial statements of listed companies.

1. Eligibility criteria for empanelment

The applicant –

i. Should have minimum 10 years of experience in the field of audit / forensic audit.
ii. Should have a minimum of 5 partners / Directors involved in forensic audit related work.
iii. Should have employed at least 10 persons (full time), having relevant qualification, experience and expertise in the field of forensic audit.
iv. Should have been previously empanelled by or should have had experience of forensic audit with any regulatory body / Government agency / Public Sector Enterprise.

2. Procedure for Empanelment

i. The decision for empanelment of an applicant shall be taken by the Competent Authority on a comparative assessment of the applications received and if necessary through an interaction with the authorized representative of the applicant. The decision of the Competent Authority shall be binding on all entities.

ii. The competent authority reserves the right to accept or reject any or all the applications without assigning any reason.

3. Disqualification

Application shall not be considered where disciplinary action / proceedings have been initiated against the applicant, its partners / directors, by any regulatory body or court of law.

To know more in details, find the enclosed attachment

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