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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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