Revised Formats for Limited Review/ Audit Report for issuers of non-convertible securities
Summary
This circular provides revised formats for limited review and audit reports regarding quarterly financial results for issuers of non-convertible securities. It mandates specific reporting templates for entities other than banks, NBFCs, and insurance companies, while directing insurance firms to follow IRDAI-specified formats. The document supersedes previous circulars from 2015 and 2016 and comes into immediate effect. This section provides an illustrative format for an Independent Auditor's Report expressing an unmodified opinion on standalone quarterly financial results. It mandates compliance with Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The text outlines specific sections including Opinion, Basis for Opinion, Management’s Responsibilities, and Auditor’s Responsibilities. This section provides an illustrative format for the Independent Auditor's Report on audited standalone quarterly financial results for Banks and NBFCs. It details the auditor's opinion, basis for opinion, and responsibilities regarding compliance with SEBI Listing Regulations and applicable accounting standards. The text also includes specific provisions fo
Text
this circular provides the revised formats for limited review report / audit report
The formats for limited review/ audit reports on financial information to be adopted by listed entities other than insurance companies has been given in the Annexure
Insurance companies shall disclose limited review/audit reports as per the formats specified by IRDAI
This circular shall come into immediate effect and supersedes the earlier circulars No. CIR/IMD/DF1/19/2015 dated November 27, 2015 and No. CIR/IMD/DF1/69/2016 dated August 10, 2016
Stock Exchanges are advised to bring the provisions of this circular to notice of the listed entities and disseminate it on their websites
We have audited the accompanying standalone quarterly financial results... pursuant to the requirement of Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015... In our opinion... these standalone financial results: i. are presented in accordance with the requirements of Regulation 52... ii. give a true and fair view...
We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013... We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India...
The Company’s Board of Directors are responsible for the preparation of these financial results that give a true and fair view... in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34... and in compliance with Regulation 52 of the Listing Regulations.
Our objectives are to obtain reasonable assurance about whether the standalone financial results as a whole are free from material misstatement... As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit.
We have audited the accompanying standalone quarterly financial results... being submitted by the Bank pursuant to the requirement of regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015... In our opinion... these standalone financial results: i. are presented in accordance with the requirements of regulation 52... ii. give a true and fair view...
We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013... We are independent of the Bank/ NBFC in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India...
The Bank’s/ NBFC’s Board of Directors are responsible for the preparation of these standalone Financial Results that give a true and fair view... in accordance with... Accounting Standard 25 (AS 25)/ Indian Accounting Standard 34 (Ind AS 34)... and in compliance with regulation 52 of the Listing Regulations.
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Source: SecMarx — Revised Formats for Limited Review/ Audit Report for issuers of non-convertible securities. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.