Tuesday, April 16, 2019

SEBI issues system audit norms for Mutual Funds

The market regulator, SEBI has come up with system audit framework for mutual funds. The system audit should be encompassing audit of systems and processes. Furthermore, the Mutual funds are advised to conduct systems audit on annual basis by an Independent CSIA/ CSIM qualified or equivalent auditor.

from taxmann.com News http://bit.ly/2KCHK0a

No comments:

Post a Comment

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...