Regulatory Alerts2026-03-25
Added · Updated
SEBI Clarification on Eligibility of Cost Accountants for Investment Adviser Audits
The Securities and Exchange Board of India (SEBI) has amended its Master Circular for Investment Advisers to explicitly permit members of the Institute of Cost Accountants of India to conduct annual compliance audits. This modification, issued on March 25, 2026, expands the eligible auditors to include Cost Accountants alongside Chartered Accountants and Company Secretaries under Regulation 19(3) of the IA Regulations. The circular also updates record-keeping requirements to mandate annual certificates from ICAI, ICSI, or ICMAI members regarding client-level segregation compliance.
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