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Requirements of RBI fo r System Controls & Audit

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Chirag asked over 2 years ago

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 ranjan bhutani answered over 2 years ago

The Reserve Bank of India (RBI) is India's central banking institution, which regulates banking activities in India. IS audits are gaining importance as key processes are automated or enabled by technology. RBI has been at the forefront of recognizing and promoting IS Audit internally and across all the stakeholders including financial institutions. RBI has been proactive in providing guidelines on key areas of IT implementation by using global best practices. It has constituted various expert committees who review existing and future technology and related risks and provides guidelines, which are issued to all stakeholders. Primarily, RBI suggests that senior management and regulators need an assurance on the effectiveness of internal controls implemented and expect the IS Audit to provide an independent.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Pankaj answered over 2 years ago

The Reserve Bank of India (RBI) is India's central banking institution, which regulates banking activities in India. IS audits are gaining importance as key processes are automated or enabled by technology. RBI has been at the forefront of recognizing and promoting IS Audit internally and across all the stakeholders including financial institutions. RBI has been proactive in providing guidelines on key areas of IT implementation by using global best practices. It has constituted various expert committees who review existing and future technology and related risks and provides guidelines, which are issued to all stakeholders. Primarily, RBI suggests that senior management and regulators need an assurance on the effectiveness of internal controls implemented and expect the IS Audit to provide an independent and objective view of the extent to which the IT related risks are managed.

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Open uri20170510 32134 1c996lj?1494421732 Anil answered over 2 years ago

## Requirements of RBI fo r System Controls & Audit ---------- ## The Reserve Bank of India (RBI) is India's central banking institution, which regulates banking activities in India. IS audits are gaining importance as key processes are automated or enabled by technology. RBI has been at the forefront of recognizing and promoting IS Audit internally and across all the stakeholders including financial institutions. RBI has been proactive in providing guidelines on key areas of IT implementation by using global best practices. It has constituted various expert committees who review existing and future technology and related risks and provides guidelines, which are issued to all stakeholders. Primarily, RBI suggests that senior management and regulators need an assurance on the effectiveness of internal controls implemented and expect the IS Audit to provide an independent and objective view of the extent to which the IT related risks are managed.

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