Sebi warns auditors of heightened vigilance for SMEs due to manipulation and fraud instances.
India's securities market regulator, Sebi, has warned auditors about heightened vigilance when dealing with SMEs, citing instances of manipulation and fraud. Speaking at a conference by the Institute of Chartered Accountants of India, Sebi's whole-time member Ashwani Bhatia noted the importance of careful auditing to prevent potential fraud cases. Sebi has recently taken action against several SMEs for violating norms, manipulating financials, and engaging in fraudulent activities.
August 23, 2024
6 Articles