Sebi didn't want to get into turf war over regulating auditors: Ajay Tyagi

Regulator within its rights to take action against audit firms, says Sebi Chairman

Ajay Tyagi, chairman of the Securities and Exchange Board of India (Sebi), on Wednesday said that the market regulator did not want to get into a “turf war” over regulating auditors. He said that Sebi could not allow entities to audit listed companies if they did not perform their duties properly.

Terming audit firms as important gatekeepers, the Sebi chief said that they need to be held accountable if lapses are found in auditing listed firms. “Our position is very simple in case they are auditing listed companies, based on which investors base their decisions. If we find that the work