Markets regulator Securities and Exchange Board of India (SEBI) has broadened its panel of forensic auditors by adding 18 new firms, including Ernst & Young LLP, KPMG Assurance and Consulting Services LLP, Zx Grant Thornton Bharat LLP, and Nangia & Co LLP. The selection process began with a public procurement notice issued by SEBI in November 2025. The regulator’s notification states that these newly empanelled firms are now part of the existing list of forensic auditors released in April 2025.
The empanelment of these firms is valid for three years from the date of the latest list’s publication. Among the newly empanelled entities 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.
SEBI’s forensic audit panel comprises firms authorized to conduct forensic audits of listed companies in cases involving suspected financial irregularities. These audits aim to enhance market integrity, boost corporate transparency, and protect investor interests. Srinivasa Rao, Senior Partner, Forensic Advisory at Nangia & Co LLP, expressed pride in the firm’s empanelment by SEBI, highlighting their expertise in forensic investigations and dedication to transparency in India’s capital markets.
Rao emphasized the firm’s commitment to supporting SEBI’s initiatives in maintaining a fair, efficient, and transparent securities market through independent forensic audits as needed.
