Last updated time: 07 March 2023, 17:10 IST
After being hired, auditors take on assignments related to forensic audits of investment funds, their AMCs and trust management companies or boards of trustees.
Before that, the interested parties had to apply until March 6.
Capital markets regulator Sebi on Tuesday extended the deadline for submission of applications for recruitment of forensic auditors for mutual funds, asset management companies (AMCs) and trusts till the end of March.
Before that, the interested parties had to apply until March 6.
“It has been decided to extend the application deadline and the revised application submission date is March 31, 2023,” the capital markets regulator said in a public release.
On February 11, the Securities and Exchange Board of India (Sebi) invited applications from eligible firms for the appointment of forensic auditors for MFs, their AMCs and trust companies.
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After being hired, auditors take on assignments related to forensic audits of investment funds, their AMCs and trust management companies or boards of trustees.
Applicants are required to acquire, retrieve and analyze digital evidence from mobile phones, computers, tablets, hard drives and USB drives. Applicants must also prepare and submit a report outlining the findings and conclusions of the analysis.
As per the eligibility criteria set by Sebi, the applicant should have at least 10 years of experience in forensic audit and digital forensics and at least 10 partners or directors, five of whom should be actively involved in forensics. Among others, the applicant’s total forensic income for the last three financial years should be at least Rs 1 crore.
The Expression of Interest (EoI) came a day after Sebi proposed to enhance the role and responsibilities of mutual fund managers to protect the interests of shareholders.
Sebi also proposed a common platform for dissemination of public announcements by mutual funds, mandated by Sebi for all products and services to have a mechanism for independent review of AMC decisions in the interest of unit holders. A Unit Holder Protection Committee (UHPC) should be constituted in the AMC Board.
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(This story was not edited by News18 staff and was published by a syndicated news outlet)