This is with reference to Exchange Notice No. 20231215-55 dated December 15, 2023 wherein detailed procedure for empanelment of the auditors eligible for conducting the Internal Audit of Trading Members was intimated to the Members.
In this respect, as advised by SEBI, and to enhance the ease of doing compliance and reduce operational difficulties faced by Members/Audit Firms, it has been decided that the auditors empanelled with any of the Exchange(s), shall be eligible to conduct internal audit of the Trading Members of any of the Exchange(s). The Trading Members may choose any of the empanelled auditors at any of the Exchange(s).
In this regard, the eligibility criteria and detailed procedure for empanelment of the auditors as prescribed in the Exchange Notice No. 20231215-55 dated December 15, 2023, is once again enclosed as Annexure 1.
As mentioned in the aforementioned circular, the Audit Firms who meet the prescribed eligibility criteria may submit an online application for empanelment for undertaking assignments relating to internal audit of Trading Members of the Exchange by using the following URL on the Exchange website -
https://www.bseindia.com
Further the format of Undertaking-cum-Affidavit to the Exchange to be submitted by the Audit Firm is also again enclosed as Annexure 2. The said format may also be downloaded from the aforementioned link.
It is reiterated that the Exchange shall accept the internal audit report certified by empanelled auditor only with effect from the half year ending March 31, 2024, onwards.
All Members are advised to take note of the above and bring the provisions of this Circular to the notice of their respective internal auditors and ensure compliance of the above requirement.
In case of any clarifications, members may contact us on details given as under:
For and on behalf of BSE Ltd.
Richa Ghosh Anuja Rane
Asst. Gen. Manager Asst. Manager
Inspection Inspection
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