NEW DELHI: Trade regulator Sebi wants to appoint auditors for conducting forensic investigations of financial statements of listed firms as part of attempts to curtail frauds. Recently, Sebi has arranged forensic analysis of particular businesses. Meanwhile, the Securities and Exchange Board of India (Sebi) has encouraged applications from qualified CA (Chartered Accountant) companies”for empanelment to carry up duties concerning civic audit of financial statements of listed companies”, according to a public note. Figuring out the eligibility standards, Sebi stated the applicant must have 10 or more decades of expertise within the area of forensic or mediation analysis, and minimal of 10 managers or partners, from that five of these must be actively engaged in forensic audit-related work. “Application will be considered in which disciplinary action or proceeding are initiated against the applicant, its partners or directors, with no regulatory body or court of law,” Sebi mentioned. In any case, the applicant must have used at least 20 men (full time) having pertinent qualification, expertise and experience within the area of forensic analysis. The applicant must have had experience of project at least 15 forensic Tests before few decades and three these audits should happen to be undertaken upon mission from the regulatory body or government service or public business venture. Furthermore, total earnings of the company from forensic audit duties from the previous three fiscal years have to be at least Rs 1 crore. Interested entities may send their applicants to Sebi over 21 days, according to the note issued May 21. Back in October 2020, Sebi requested established firms to make disclosures regarding initiation of forensic audit to trade trades as part of an attempt to deal with the gaps in accessibility of advice. Under the frame, listed entities will need to make disclosures concerning the simple fact of both initiation of forensic audit together with the title of this entity initiating these audit and motives for exactly the same, even if available, into the stock markets. Furthermore, the employers are expected to disclose about closing forensic audit file, apart from for forensic audit initiated by law or regulatory agencies, together with opinions of their direction, if any.