The Central Depository Services (India) Limited, (CDSL), on October 08, 2024, notified regarding the revised format for report on internal audit and concurrent audit of risk prone areas of DP operations for half year ended September 30, 2024.
The scope, objectives, and revised checklist for the Internal/Concurrent Audit Report (IAR) for the half-year ending September 30, 2024, are outlined. If the internal and concurrent auditors are the same, a consolidated report (Annexure-A) should be submitted. If the auditors are different, the internal audit report (Annexure-A) and concurrent audit report (Annexure-B) must be submitted separately. The deadline for submitting the IAR for this period is November 15, 2024.
The Participant adheres to the requirements of the Depositories Act, 1996, SEBI regulations, and other governing guidelines. It has in place adequate internal controls, risk management procedures, and sufficient manpower and systems to support its current and future business. The Participant ensures that its systems are secure, data integrity is maintained, and business continuity is safeguarded. Procedures for record maintenance are robust, with provisions for data backup to ensure no data loss or destruction, supporting operational stability and compliance.
[Notification No. CDSL/AUDIT/DP/POLCY/2024/595]
