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CS Professional · CSR and Social Governance · Social Stock Exchange

Meera, a chartered accountant, wishes to act as a social auditor for NPOs listed on the Social Stock Exchange. Which statement about her position is most accurate under the SEBI framework?

Meera must be enrolled as a social auditor with the ICAI Social Audit Organisation and follow its standards and independence norms. She cannot audit an NPO she recently worked for, and no merchant banker registration or social work doctorate is needed.

  1. AShe may audit any NPO, including one she has served as an employee in the previous year
  2. BShe can only be a social auditor if she holds a doctorate in social work
  3. CShe must be enrolled as a social auditor with the ICAI Social Audit Organisation and follow its standards and independence normsCorrect
  4. DShe must be registered with SEBI as a merchant banker

Explanation

Social auditors operate through the enrolment mechanism administered by the ICAI Social Audit Organisation and must follow the social audit standards, including independence requirements. SEBI registration as a merchant banker is not required. The first option is wrong because prior employment with the NPO would compromise independence.

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