The Bombay Stock Exchange (BSE) on October 01, 2024, notified regarding the Submission of Internal Audit Report for half year ended September 30, 2024.
The following has been stated:
• It has informed that all trading members are required to carry out complete internal audit for the half year ended September 30, 2024 and submit the report electronically through the BEFS (BSE Electronic Filing System) member portal. The audit shall be conducted only by independent qualified Chartered Accountants or Company Secretaries or Cost and Management Accountants who are in practice and do not have any conflict of interest in or relation with the member other than the internal audit assignment. Attention of members is also drawn to Annexure A of Exchange notice no. 20231003-61 dated October 03, 2023, regarding the revised eligibility criteria for internal auditors qualified to conduct the internal audit of Trading Members from half year ended September 30, 2024 onwards.
• It is to be noted that the due date to submit the Internal Audit Report is within two months from the end of half year i.e., for the half year ended September 30, 2024, the due date is November 30, 2024. The penalties/disciplinary actions for late/non-submission of the Internal Audit Report and non-compliances observed in the Internal Audit Report, shall be applicable as per the Exchange notice no. 20220601-52 dated June 01, 2022, or any other relevant notices that may be issued by the Exchange from time to time.
• Please find enclosed herewith the following Annexures applicable for the Internal Audit report for half year ended September 30, 2024:
o Internal Audit Certificate – Annexure I.
o Format for Internal Audit Report – Annexure II.
o Guidelines on Sample selection & other points to be noted – Annexure III.
o List of Indicative Processes & references of SEBI/Exchange circulars – Annexure IV.
o Procedure for empanelment for the auditors for conducting the internal audit of trading members – Annexure V.
[Notification No 20241001-14]
