SEBI expands scope of term ‘auditor’; allows LLPs to audit books of Cos. engaged in ‘Collective Investment Schemes’
May 11, 2022
The SEBI has notified the SEBI (Collective Investment Schemes) (Amendment) Regulations, 2022. Amendments have been made in Regulation 2, 9, 9A, 9B, 14, 24, 30, 31, 32, 35 and Ninth Schedule. Now, an ‘auditor’ means a firm, including a LLP, constituted under the LLP Act, 2008, who is eligible and qualified to audit the accounts of a company u/s 141 of the Companies Act, 2013. Under the extant norms, ‘auditor’ means only a person qualified to audit the accounts of Companies under the Cos Act
read more