Research analyst audit eligibility expands to include cost accountants, with reporting, disclosure, and client communication obligations continuing. The annual audit framework for research analysts and research entities is clarified to recognise members of the Institute of Cost Accountants of India as eligible auditors alongside members of the Institute of Chartered Accountants of India and the Institute of Company Secretaries of India. The audit must cover compliance with the Research Analysts Regulations and circulars, be completed within six months from the end of each financial year, and the report must be submitted to RAASB or SEBI within one month of the audit report and no later than 31 October. The compliance status, adverse findings, and action taken must be published on the website and the report provided to clients.
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Research analyst audit eligibility expands to include cost accountants, with reporting, disclosure, and client communication obligations continuing.
The annual audit framework for research analysts and research entities is clarified to recognise members of the Institute of Cost Accountants of India as eligible auditors alongside members of the Institute of Chartered Accountants of India and the Institute of Company Secretaries of India. The audit must cover compliance with the Research Analysts Regulations and circulars, be completed within six months from the end of each financial year, and the report must be submitted to RAASB or SEBI within one month of the audit report and no later than 31 October. The compliance status, adverse findings, and action taken must be published on the website and the report provided to clients.
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