Key takeaways from SEBI’s circular tightening norms to check abrupt resignation of auditors

SEBI vide circular dated Oct 18, 2019 has tightened norms with regard to resignation of Auditor from listed companies. Earlier, SEBI has issued consultative paper in this regard seeking public comment to deal with menace of abrupt resignation by auditors citing reasons such as pre-occupancy, non-receipt of required information etc. Now SEBI vide circular has framed as stringent norms to requiring listed Cos. and auditor to ensure issuance of reports by auditors before tendering resignation.

from taxmann.com News https://www.taxmann.com/topstories/222330000000019565/key-takeaways-from-sebi’s-circular-tightening-norms-to-check-abrupt-resignation-of-auditors.aspx