RBI has mandated banks to implement a Concurrent Audit process of Data Centre via circular RBI/2015-16/133 DBS.CO.ARS. No. BC. 2/08.91.021/2015-16, date July 16, 2015. Therefore, DC concurrent audit provides compliance with the Regulator guidelines.
Why choose Riskpro
Our Approach to Concurrent Audit
Our Understanding about Requirement
Services provided by Riskpro
Requirement understanding:
Riskpro understands that Bank has identified critical areas for the concurrent audit of the data centre to meet compliance with regulatory guidelines
Scope:
1.) Data Centre Activities: We conduct a monthly review on compliance of identified domains/ areas in line with Policy, procedures and Standard Operating Procedures of the organisation in IT Management or operations of Data Centre.
2.) Privilege User Activities: We conduct a review of identified payment applications like Core Banking, SWIFT, Treasury etc. The administrative and transaction logs of the above systems are reviewed.
3.Chronology of DC Concurrent Audit Activity:
1 Initial Data Requirement- Last day of the month
2 Release of Query Sheet- As per agreed TAT
3 Release of Draft Report- As per agreed TAT
4 Final Management response timelines- As per agreed TAT
5 Publish of Final report- As per agreed TAT
