sebi-adds-18-firms-to-forensic-audit-panel

The Securities and Exchange Board of India (SEBI) has empanelled 18 additional firms, including Ernst & Young LLP, KPMG Assurance and Consulting Services LLP, BDO India LLP, Grant Thornton Bharat LLP and Nangia & Co LLP, to conduct forensic audits of the financial statements of listed companies.

 

The empanelment comes after a due selection process which was initiated through a public procurement notice issued in November last year.

 

The newly selected panel of firms is in addition to the list of forensic auditors published earlier in April 2025 by SEBI, read a notification issued by the market regulator on July 15.

 

According to the selection criteria, companies selected under the empanelment list will remain valid for three years from the date of publication of the latest list.

 

The other empanelled firms are J C Kabra & Associates, J Mandal & Co LLP, J Singh & Associates, Jain Jagawat Kamdar and Company, Pipara & Co LLP, R Kabra & Co LLP, R S Patel and Co, Ravi Rajan and Co LLP, S S Periwal and Co, Sarath and Associates, SKVM and Company, V Singhi & Associates, ASA & Associates LLP and CLA Indus Value Consulting.

 

Also read: SEBI warns organisations over new AI 'boss scam'

 

Reacting to the development, senior partner, forensic advisory, at Nangia & Co LLP, Srinivasa Rao, said the selection reflects the firm’s expertise in forensic services and its commitment to supporting transparency and investor protection in the country.

 

Rao said, “We are immensely proud to be empanelled by SEBI. This is a testament to our team’s deep expertise and unwavering dedication to forensic excellence.”

 

This empanelment reinforces our position as a trusted partner in safeguarding investor interests and promoting transparency within the financial ecosystem,” he said.

 

These companies will now provide services to the market regulator in a bid to check and audit the financial records of listed companies.

 

The panel comprises only the firms authorised by the regulator to conduct forensic audits of companies involved in suspected financial irregularities, with the objective of enhancing transparency and investor confidence.