Most Important Announcement for Audit firms of Listed Companies -
(08-04-2009)

Members may be aware that the Council had accepted the recommendation
of Securities & Exchange Board of India (SEBI) that audit of listed
companies shall be carried out by the auditors who have undergone Peer
Review Process and have been issued Peer Review Certificate by the Peer
Review Board

The above decision is effective for accounting periods commencing on or
after April 1, 2009.

Consequent to the above decision, all the auditors of Listed Companies
are required to undergo Peer Review Process and get Peer Review
Certificate issued from the Peer Review Board.
The Peer Review Board is making all out efforts to cover those audit
firms, which are not yet selected for Peer Review Process. While the
Board will be sending a letter to each such audit firm, it will be in
the professional interest of such firms to immediately get selected for
Peer Review by emailing us the following information at email id
[email protected];

- Name of the Firm
- FRN or Membership No. in case of Proprietor firm.
- Latest Contact details i.e. complete address, Tel No with STD Code,
Mobile No. & email id.

The Firms who have already been selected under the Peer Review Process
and their review is in progress at different stages may also hasten up
their Peer Review Process and ensure that their Final report is
submitted by the Reviewer to the Board. Such firms are requested to
furnish the above details at S.No.1 to 3. along with their present
status of review.

In order to complete the Peer Review Exercise timely and smoothly all
the audit firms of listed companies and their Reviewers are hereby
requested to expedite their Peer Review Process.

For any assistance or guidance, please feel free to contact:
CA. K. RaghuChairman,
Peer Review Board

CA. Uttam Prakash Agarwal
President, ICAI

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Posted By CA. Vinod Dasani to CA. Vinod Dasani at 4/15/2009 10:55:00 AM
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