SEBI Allows Cost Accountants To Conduct Annual Audit Of Research Analysts, Investment Advisers

The Securities and Exchange Board of India on Wednesday clarified that members of the Institute of Cost Accountants of India are eligible to conduct annual audits of Research Analysts and Investment Advisers.

Referring to its Master Circulars dated February 6, 2026, the regulator noted that earlier provisions permitted only members of the Institute of Chartered Accountants of India and the Institute of Company Secretaries of India to conduct such audits.

Considering representations and recognition under the respective regulations, the regulator has modified the provisions to include Cost Accountants.

The provisions of the circular shall be applicable from the date of issue.

Click here to read/download the SEBI circular on Research Analysts

Click here to read/download the SEBI circular on Investment Advisers