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<h1>Investment adviser audit eligibility clarified to include cost accountants for annual compliance audit and certificate requirements.</h1> Clarification is issued on the eligibility of members of the Institute of Cost Accountants of India to conduct the annual audit of Investment Advisers. The amended framework recognises members of ICAI, ICSI and ICMAI as eligible to carry out the annual audit, submit the audit report and adverse findings, and support the annual certificate requirement relating to client-level segregation compliance as part of the compliance audit.
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