Internal audit composition for CRAs expanded to include Cost Accountants and DISSA-qualified auditors, effective immediately. The audit team for registered credit rating agencies must be composed of at least a Chartered Accountant or a Cost Accountant and an information-systems auditor holding CISA, DISA, or DISSA; the amendment expands eligible qualifications and is effective immediately under statutory regulatory powers to protect investors and regulate the securities market.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Internal audit composition for CRAs expanded to include Cost Accountants and DISSA-qualified auditors, effective immediately.
The audit team for registered credit rating agencies must be composed of at least a Chartered Accountant or a Cost Accountant and an information-systems auditor holding CISA, DISA, or DISSA; the amendment expands eligible qualifications and is effective immediately under statutory regulatory powers to protect investors and regulate the securities market.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
