In two separate circulars issued on Wednesday, the regulator amended provisions in its grasp circulars for investment advisers and research analysts to formally embody value accountants alongside chartered accountants and firm secretaries
The Securities and Exchange Board of India (Sebi) has expanded the pool of pros eligible to conduct annual compliance audits of investment advisers (IAs) and research analysts (RAs), permitting members of the Institute of Cost Accountants of India (ICMAI) to undertake such audits.
In two separate circulars issued on Wednesday, the regulator amended provisions in its grasp circulars for investment advisers and research analysts to formally embody value accountants alongside chartered accountants and firm secretaries.
The transfer follows representations from the Institute of Cost Accountants of India (ICAI) and aligns with current regulatory provisions that already recognise value accountants for such audits.
The modifications are anticipated to ease capability constraints within the audit ecosystem whereas offering regulated entities larger flexibility in assembly compliance necessities, with out altering the underlying audit framework.
Both circulars take impact instantly.
First Published: Mar 25 2026 | 6:12 PM IST