IT/IS/SAR Audits

The leadership, organizational structures, and processes that ensure that the enterprise's IT sustains and expands the enterprise's strategy and objectives are the responsibilities of executives and the board of directors. The status of an enterprise's network, information, and systems in terms of information security resources (people, hardware, software, policies, and so on) and capabilities in place to manage the enterprise's defence and react as the situation evolves.

An Information Technology (IT) audit, also known as an Information Systems (IS) audit, is a review of the management controls in an IT system. The review of gathered evidence indicates whether the information systems are protecting assets, keeping data integrity, and performing efficiently to meet the organization's goals and objectives.These audits can be combined with a financial statement audit, internal audit, or other type of attestation activity.

IT/IS/SAR Audit Requirements

Information Technology (IT) audits, Information Systems (IS) audits, and System Audit Reports (SAR) are required by the Reserve Bank of India (RBI), the Insurance Regulatory and Development Authority (IRDA), the Securities and Exchange Board of India (SEBI), and other regulators. They are performed by Certified Information Systems Auditor (CISA) designated auditors. Organizations rely on information, as well as the processes and technology that enable them to use and manage it successfully. IT is crucial to organizational success, operational efficiency, competitiveness, and even existence, thus businesses must guarantee that IT is used correctly and effectively. Such assets must also be successfully governed, which means that they must function as intended, correctly, and in accordance with applicable regulations and standards. All of these goals can be met with the help of IT/IS auditing

What are the benefits of IT/IS/SAR audits?

IT/IS/SAR audits frequently give information that aids firms in risk management, confirming optimal IT resource allocation, and achieving other IT and business goals. It is necessary for –

• Companies must have an internal audit function in order to comply with stock exchange laws.
• assessing the efficiency of controls that have been put in place.
• Ensure that internal policies, protocols, and procedures are followed.
• Examining compliance with IT governance and control frameworks and requirements
• Vulnerabilities and configuration settings are being examined in order to provide continuous monitoring.
• As part of the initial or ongoing risk management process, identifying gaps and shortcomings
• Performance is measured against quality standards or service level agreements.
• System engineering or IT project management approaches are being verified and validated.
• Self-evaluation of the company against the standards or criteria that will be used in upcoming external audits

What does Cyborgenic have to offer?

Security Audits will reveal flaws that would not otherwise show up on an automated scan, regardless of the size, resources, or security budget of a business. An IT/IS/SAR audit entails a thorough assessment of an organization's controls to ensure that they comply with the needs of organisations, regulators, and standards.To audit and deliver the report, Cyborgenic uses a four-step process.

Phase 1 – Information Gathering & Documentation Review

Your teams will be given a lengthy questionnaire, and various documents and proof on the architecture, implementation, and controls in place will be collected. Our professionals thoroughly examine these documents in order to comprehend the execution and identify any issues. This questionnaire is based on the RBI's frequently asked questions.

Phase 2 – Assessment, Validation & In-Depth Control Review

An in-depth study is carried out as part of this phase to evaluate all documentation and cross-examine artefacts presented. Technical controls are also evaluated in accordance with best standards, and data flow is examined to identify any risks or gaps.

Phase 3 – Remediation & Re-Validation

Any areas of concern, hazards, or violations are detailed in a full report. Appropriate advices, as well as thorough proof of concept details, are supplied to assist your teams in understanding the issues presented. Our IT team collaborates with you to complete re-validation so that you can close any gaps and achieve successful compliance.

Phase 4 – CERT-In Empanelled Certification

We document the entire activity with our CERT-In associate, including necessary paperwork, artefacts, conclusions, and suggestions, among other things. The System Audit Report (SAR) for Data Localization & Storage of Payment System Data receives a CERT-In certification.

Our team of expert can assist you if you are ready to take the next steps to ensure that your company is conforming to industry standards that safeguard both you and your consumers.

For a quote, please email sales@cyborgenic.com. Or, dial +919773298161 to get all of your questions answered.