Regulatory Alerts2020-10-01
Added · Updated
Communiqué on Independent Audit of Information Systems
The Capital Markets Board issued this Communiqué to establish procedures for the independent audit of information systems for specified capital market entities. It mandates that audits be conducted by authorized firms using risk-driven assessments to evaluate compliance, efficiency, and adequacy of internal controls. The regulation defines strict eligibility criteria for audit firms and personnel, including licensing requirements, and outlines the Board's authority to grant or revoke authorization based on professional competence and ethical compliance.