Regulatory Alerts2025-05-14
Modification of Internal Audit Team Composition Requirements for Credit Rating Agencies
The Securities and Exchange Board of India (SEBI) has modified the Master Circular for Credit Rating Agencies to expand the eligible professional qualifications for internal audit teams. The revised requirements now permit Cost Accountants and holders of the Diploma in Information System Security Audit to serve alongside Chartered Accountants and Certified Information Systems Auditors. This regulatory update, effective immediately, aims to provide Credit Rating Agencies with a larger pool of eligible professionals to conduct internal audits.
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