BSE Circular on: Submission of Internal Audit Report for half year ended March 31, 2022
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Date |
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Subject |
Topic |
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19-04-2022 |
BSE |
Submission of Internal Audit Report for half year ended March 31, 2022 |
Internal Audit |
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Highlights of BSE Circular dated April 19, 2022 Submission of Internal Audit Report for half year ended March 31, 2022 BSE has issued formats and guidelines for Internal Audit Report (IAR) for the half year ended March 31, 2022. The IAR is required to be submitted to the Exchange on or before May 31, 2022 only in electronic form through BEFS and No documents are to be submitted in physical form.
Further, BSE has also specified guidelines to Internal Auditors while carrying out the Audit: i) There are certain changes in the sampling criterion and methodology for sample selection compared to previous half year submission. Auditors are advised to refer Annexure III carefully before initiating the audit. ii) For each “Not complied” observation, wherever applicable the auditor shall mandatorily provide the “no. of instances verified”, “% of instances where non-compliance is observed” and “Amount/value involved where non-compliance is observed” while submitting the Audit report. iii) All Internal Audit Certificate shall mandatorily contain Unique Document Identification Number (UDIN). iv) The actions for late/non-submission of the Internal Audit report shall be applicable as per the Exchange notice no. 20180214-31 dated February 14, 2018. v) A separate notice shall be issued shortly regarding availability of BEFS for submission of Internal Audit Report for half year ended March 31, 2022. Once BEFS is activated for submission, submission of Internal Audit Report shall be considered complete only after Member submits the report to the Exchange and receives an acknowledgment email. Saved reports/reports submitted by auditor will not be considered as submission.
BSE Notice no. 20220419-42 dated April 19, 2022 is enclosed herewith for your ready reference.
In case of any clarification or assistance required in implementation of this circular you may contact Vandana Vania– van...@secmark.in / 9223303460 Kaushik Jethwa – kau...@secmark.in / 9870210171 |
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Contact: 9869265949, 9870210171, in...@secmark.in, kau...@secmark.in
