SEBI has extended the audit-related timelines for investment advisors (IAs) due to the pandemic.
According to a circular issued on Thursday, the last date to complete annual compliance audit for the financial year 2021 has been extended to December 31, 2021 from September 30, 2021. AIs have to obtain a compliance certificate from an auditor before the end of this deadline.
Similarly, the last date to submit adverse findings of the audit has been shifted by three months to January 1, 2022.
SEBI said all the other requirements will remain unchanged.
SEBI norms say that IAs are required to conduct annual audit within 6 months from the end of each financial year.
