SEBI Empanels 9 Audit Firms to Strengthen Corporate Fraud Investigations

SEBI has streamlined its panel of forensic auditors, reducing the number of firms from twenty to nine for investigating corporate fraud. The selected firms will serve for a three-year term. Deloitte is the only Big Four firm included, with KPMG, EY, and PwC absent. Other selected firms include BDO, Chokshi & Chokshi, CNK and Associates, Jain Chowdhary & Co, Pawan Puri and Associates, Raju & Prasad, Rajvanshi and Associates, and ATK & Associates. The selection process, initiated through a public tender, focused on criteria like team size, previous assignments, and individual partner experience. BDO, Chokshi & Chokshi, Rajvanshi and Associates, and Deloitte have been retained from the previous panel for their consistent performance. These firms will play a key role in enhancing corporate transparency and governance by conducting forensic audits of the financial statements of listed companies.

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