https://www.taxtmi.com/circulars?id=65399 AMCs must constitute an Audit Committee to oversee Mutual Fund financial reporting, audit processes, internal controls and compliance. The Committee shall review financial reporting and audit outputs, ensure rectification of auditor observations, recommend appointment or removal of auditors, review internal audit scope and reports (including outsourced critical activities), assess implementation of audit action points, and forward internal audit observations to Trustees. Membership requires minimum three directors with at least two thirds independent directors and a finance experienced independent Chair. The Committee must meet regularly and interact with auditors without management present. en-us Wed, 09 Feb 2022 00:00:00 +0530 Thu, 10 Feb 2022 12:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=65399 AMCs must constitute an Audit Committee to oversee Mutual Fund financial reporting, audit processes, internal controls and compliance. The Committee shall review financial reporting and audit outputs, ensure rectification of auditor observations, recommend appointment or removal of auditors, review internal audit scope and reports (including outsourced critical activities), assess implementation of audit action points, and forward internal audit observations to Trustees. Membership requires minimum three directors with at least two thirds independent directors and a finance experienced independent Chair. The Committee must meet regularly and interact with auditors without management present. Circulars SEBI Wed, 09 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65399