<ul data-eligibleForWebStory="true"><li>SEBI Whole Time Member, Ananth Narayan, expressed concerns over valuation practices and highlighted risks such as 'valuation shopping' and lack of accountability for significant deviations.</li><li>Narayan suggested applying lessons from the credit rating industry, such as disclosing assumptions and sensitivity ranges.</li><li>He recommended deepening engagement between CFOs, audit committees, and auditors, and reducing the time lag between annual results and full annual reports.</li><li>SEBI's regulatory mechanisms aim to include industry inputs, and CFOs are encouraged to be proactive in regulatory discussions.</li><li>Narayan emphasized that SEBI's enforcement actions are evidence-based and must meet the threshold of preponderance of probability.</li></ul>

SEBI Whole Time Member Flags Concern Over Valuation Practices

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