The Bombay Stock Exchange (BSE) on December 15, 2023, issued the Framework on Empanelment of Auditors for conducting Internal Audit of Trading/Clearing Members.
The following has been stated namely: -
• The Exchange had revised the eligibility criteria and informed the Members that the applicability and guidance on the empanelment of auditors shall be communicated through a separate circular.
• The eligibility criteria and detailed procedure for empanelment of the auditors is enclosed as Annexure 1.
• 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.
• The Audit Firms shall submit an Undertaking-cum-Affidavit to the Exchange in the prescribed format.
• Members may please note that the Exchange shall accept the internal audit report certified by the empanelled auditor only with effect from the half-year ending March 31, 2024, onwards.
[Notification No. 20231215-55]
