Guidance Note on Reports in Company Prospectuses (Revised 2019)
Readers may note that this Guidance Note supersedes the Guidance Note on Reports in Company Prospectuses (Revised 2016) issued by the ICAI in December 2016.
The ‘Guidance Note on Reports in Company Prospectuses’ provides guidance to the practitioners in case of engagements which require them to issue their reports on financial information related to the prospectuses for issue of securities by the companies.
The Guidance Note was previously revised by the Auditing and Assurance Standards Board (AASB) of ICAI in 2016 to give impact to the changes made by Companies Act 2013 and SEBI in the SEBI (Issue of Capital and Disclosure Requirements) Regulations 2009 (ICDR Regulations 2009). SEBI further revised the ICDR Regulations 2009 by issuing the ICDR Regulations 2018 in September 2018 incorporating certain changes/additions in the requirements to be fulfilled by issuers for issue of securities, roles and responsibilities of various persons, financial information and disclosures to be given in prospectus, various reports and certificates to be given by the practitioners on financial information related to the prospectus etc. These changes necessitated revision of the Guidance Note earlier revised in 2016.
Download Guidance Note on Reports in Company Prospectuses (Revised 2019)
(Republished with amendment)
Source- ICAI.
