https://www.taxtmi.com/acts?id=34975 Every collective investment scheme must have its annual accounts audited by an auditor empanelled with the Board who is independent of the scheme manager's auditor; the trustee appoints the auditor and the auditor's report must be forwarded to the trustee and included in the Annual Report. The audit certificate must confirm necessary information was obtained, that the balance sheet and revenue account give a fair and true view of the scheme's affairs and surplus or deficit, that accounts are prepared per prescribed accounting policies and standards, and note any other matter the auditor deems vital. en-us Mon, 14 Jan 2019 10:05:24 +0530 Wed, 04 Sep 2024 18:11:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=34975 Every collective investment scheme must have its annual accounts audited by an auditor empanelled with the Board who is independent of the scheme manager's auditor; the trustee appoints the auditor and the auditor's report must be forwarded to the trustee and included in the Annual Report. The audit certificate must confirm necessary information was obtained, that the balance sheet and revenue account give a fair and true view of the scheme's affairs and surplus or deficit, that accounts are prepared per prescribed accounting policies and standards, and note any other matter the auditor deems vital. Act-Rules SEBI Mon, 14 Jan 2019 10:05:24 +0530 https://www.taxtmi.com/acts?id=34975