OBLIGATIONS OF LISTED ENTITY WHICH HAS LISTED ITS SECURITY RECEIPTS - Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
OBLIGATIONS OF LISTED ENTITY WHICH HAS LISTED ITS SECURITY RECEIPTS - Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
Audit report review: stock exchanges and expert committee channel modified opinions for board direction and pro forma correction. A multi tiered review mechanism requires stock exchanges to preliminarily scrutinise Form B and accompanying audit reports for material modified audit ... Summary
Audit report review: stock exchanges and expert committee channel modified opinions for board direction and pro forma correction.
A multi tiered review mechanism requires stock exchanges to preliminarily scrutinise Form B and accompanying audit reports for material modified audit opinions, refer significant or unresolved cases to a qualified audit report review committee, which may consult the Financial Reporting Review Board and recommend rectification or submission of revised pro forma financial results. The Board may direct rectification and require revised pro forma results incorporating the accounting impact as a prior period item in the subsequent year. Reviews occur twice yearly under prescribed timelines for scrutiny, referrals, opinions, communications and submissions.
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