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Monday, January 5, 2015

Amendment to PFRDA (Appointment of Auditors) Guidance Note-2012

Amendment to PFRDA (Appointment of Auditors) Guidance Note-2012

Pension Fund Regulatory 
& Development Authority
1st Floor, ICADR Building,
Plot No. 6, Vasant Kunj 
Institutional Area, Phase - II, 
New Delhi - 110070 
Tel : 011-26897948/26897949
Fax : 011-26897938 



Date: 05 Jan. 2015

All Pension Fund Managers
Custodian Trustee bank NPS Trust Auditors

Subject: Amendment to PFRDA (Appointment of Auditors) Guidance Note-2012

Part B - Clause 2 of the PFRDA (Appointment of Auditors)Guidance Note-2012 -has been amended to -

Appointment ofauditors and their fee will have to be approved by the Board of NPS Trust.

The recovery of the audit fee and the appointment of auditor would be applicable as per Clause 6 of ‘PFRDA (Preparation of Financial Statements and Auditor’s Report of Schemes under National Pension System) Guildelines-2012 ’.which is reproduced hereunder for ready reference:

‘Eveiy PF shall have the financial statements of scheme audited by an external auditor who is not in any way associated with the audit of the PF or sponsor of the concerned PF or any other PF or schemes of any other PF. Scheme Auditor will be appointed by the NPS Trust and audit fee will be paid by the Pension Fund after obtaining approval for payment from NPS Trust’.

Sumeet Kaur Kapoor
(General Manager)

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