SEBI Circular - Procedure and formats for limited review/audit report

SEBI has issued Circular No.:  CIR/CFD/CMD1/ 80 /2019 dated 19^th July 2019 in the exercise of the powers conferred under sections 11 and 11A of the SEBI Act, 1992 read with regulations 33(8) and  101  of SEBI  (LODR) Regulations, 2015

Subject :

Procedure and formats for limited review/audit report of the listed entity and those entities whose accounts are to be consolidated with the listed entity

Applicability:

All listed entities (whose equity shares and convertible securities are listed)

- Applicable with respect to the financial results for the quarter ending September 30, 2019, and after.

This circular contains:

Ø  Exhibit C1: Format for the Limited Review Report for listed entities other than banks and insurance companies -unaudited standalone quarterly and year to date results

Ø  Exhibit C2: When an Unmodified opinion is expressed on the Quarterly and year to date financial results for companies (other than banks and insurance companies)

Ø  Exhibit C4: When an Unmodified Opinion is expressed on consolidated audited quarterly and year to date financial results for companies (other than banks and insurance companies)

Ø

Ø  Exhibit C5: Illustrative format of independent auditor’s report (unmodified opinion) on the annual consolidated financial results pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 for companies (other than banks and insurance companies)

Ø  Exhibit B1: Format for the Limited Review Report for banks for unaudited standalone quarterly and year to date results

Ø

Ø  Exhibit B2: When an Unmodified Opinion is expressed on the Audited quarterly and year to date Financial Results (for Banks)

Ø  Exhibit B4: When an Unmodified Opinion is expressed on consolidated audited quarterly and year to date Financial Results (for Banks)

Ø  Exhibit B5: Illustrative format of independent auditor’s report (unmodified opinion) on the annual consolidated Financial Results under Regulation 33 of  the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (for Banks)

Link (formats and other details are available):

https://www.sebi.gov.in/web/?file=https://www.sebi.gov.in/sebi_data/attachdocs/jul-2019/1563532383026.pdf#page=1&zoom=auto,-15,842