Updated 16:59 IST, February 4th 2025
Sebi Proposes Digital Assurance Report Of Financial Statements
The Securities and Exchange Board of India (Sebi) has proposed to mandate a digital assurance report of financial statements for top 100 listed companies.

The Securities and Exchange Board of India (Sebi) has proposed to mandate a digital assurance report of financial statements for top 100 listed companies.
"The report will increase transparency, improve disclosure standards and enable better enforcement, and thereby provide greater investor protection and trust in the ecosystem," Sebi said.
The Institute of Chartered Accountants of India (ICAI) published a guide on digital assurance on providing guidance to members for adopting enhanced use of technology in audit by implementing the use of digitally available audit information.
These companies are required to submit management statements as well as auditor's reports on digital assurance by July 31 2025 for FY25, the regulator said.
"Based on discussions with market participants, it has been decided that using a technical guide prepared by the Auditing and Assurance Standards Board (AASB) and Digital Accounting and Assurance Board (DAAB) of the Institute of Chartered Accountants of India (ICAI), a framework based on information obtained from external data repositories, be mandated for management statement and auditor's and independent practitioner's report on digital assurance," Sebi said.
Sebi also added that the technical guide in itself does not require any separate reporting by auditors on these aspects. Further, no responsibility is cast on the management of the listed entity to provide this information obtained from external data repositories to auditors or provide access to such information to auditors.
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Published 16:59 IST, February 4th 2025