RBI: Only CISA qualified members eligible for system audit

[CA. Rahul Bajaj]

Dear All,

Please go through below circular of RBI wherein only CISA qualified persons are eligible to carry out system audit.

I feel that ICAI should represent to RBI to recognise DISA qualification too and take steps to get DISA recognised across India and globally too.


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RBI/2010-11/340
DPSS.CO.OSD. No. 1444 /06.11.001/ 2010-2011
December 27, 2010
To
All Scheduled Commercial Banks / Authorised Payment System Operators
Dear Sir,

Directions for submission of system audit reports from CISA qualified
Auditor
Please refer to our circular Ref No. DPSS.1206/ 02.27.005/2009-10 dated 7th
December 2009 on the captioned subject.
2. All authorised entities are advised to furnish their respective system
audit reports from a CISA qualified auditor on an annual basis. Authorised
entities which follow an April-March financial year, the system audit report
should be submitted within two months i.e. by 1st June of that year.
Authorised entities, which follow a calendar year annual closing, are advised to
submit their system audit reports by 1st March of the following year.
3. These directions are issued under Section 6(1) of the Payment and
Settlement Systems Regulations 2008 read with Section 12 of the Payment and
Settlement Systems Act, 2007.
Yours faithfully
G. Srinivas
(General Manager)



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--
warm regards,
CA. Rahul Bajaj
Partner - M/s. Rahul Bajaj & Co.
Chartered Accountants
B-4, Anudeep Park,
Nr Tupsakhare Lawns, Tidke Colony,
Nasik 422002 MS India
Call @ 91-253-2314120, 9371114120

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