Audit of listed companies may be done digitally during Covid-19

Our Bureau Mumbai | Updated on July 31, 2020 Published on July 31, 2020

It is likely that audit of listed companies may now be done digitally without physical verification of documents, experts told BusinessLine. This is till the Covid-19 situation normalises.

SEBI said on Friday that it had allowed digital authentication and certification of documents by chartered accounts for listed companies. Due to the Covid-19 situation accountants were finding it difficult to physically certify documents, SEBI said. Certified chartered accountants are responsible for auditing company books.

“SEBI has received a representation from the Institute of Company Secretaries of India (ICSI) stating that due to the Covid-19 pandemic and precautionary measures for its curtailment, Company Secretaries continue to face operational challenges in carrying out certification and authentication of documents in physical form,” a SEBI circular said.

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Published on July 31, 2020
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