IT/IS/SAR Audits

IT/IS/SAR Audits

The responsibilities of executives and the board of directors; consists of the leadership, organizational structures and processes that ensure that the enterprise’s IT sustains and extends the enterprise's strategies and objectives. The Security Status of an Enterprise’s Network, Information and Systems based on Information Security Resources (e.g. People, Hardware, Software, Policies etc.) and Capabilities in place to manage the Defense of the Enterprise and to react as the situation changes.

An Information Technology (IT) Audit or Information Systems (IS) Audit, is an examination of the management controls within an Information technology (IT) infrastructure. The evaluation of obtained evidence determines if the information systems are safeguarding assets, maintaining data integrity, and operating effectively to achieve the organization's goals or objectives. These reviews may be performed in conjunction with a financial statement audit, internal audit, or other form of attestation engagement.


IT/IS/SAR Audit Requirements

Information Technology (IT) Audit or Information Systems (IS) Audit or System Audit Report (SAR) are performed by Certified Information Systems Auditor (CISA) designated Auditor and are required as per regulatory requirements from Reserve Bank Of India (RBI), Insurance Regulatory and Development Authority (IRDA), Securities and Exchange Board of India (SEBI) and other regulators.

Organizations rely on information and the processes and enabling technology needed to use and effectively manage information. IT is critical to organizational success, operating efficiency, competitiveness, and even survival, making imperative the need for organizations to ensure the correct and effective use of IT. Such assets must also be governed effectively, meaning that they operate as intended, work correctly, and function in a way that complies with applicable regulations and standards. IT/IS auditing can help organizations achieve all of these objectives.

Why IT/IS/SAR Audits are important?

IT/IS/SAR audits often provide information that helps organizations manage risk, confirm efficient allocation of IT-related resources, and achieve other IT and business objectives. It is required for -

  • Complying with securities exchange rules that companies have an internal audit function
  • Evaluating the effectiveness of implemented controls
  • Confirming adherence to internal policies, processes, and procedures
  • Checking conformity to IT governance or control frameworks and standards
  • Analyzing vulnerabilities and configuration settings to support continuous monitoring
  • Identifying weaknesses and deficiencies as part of initial or ongoing risk management
  • Measuring performance against quality benchmarks or service level agreements
  • Verifying and validating systems engineering or IT project management practices
  • Self-assessing the organization against standards or criteria that will be used in anticipated external audits

What is SecurWires Offering?

An efficient and effective Security Audit requires a clear understanding of what is important to your organization and why. Regardless of an organization’s size, resources or security budget, the Security Audits will uncover issues that wouldn’t otherwise show up on an automated scan. An IT/IS/SAR Audit involves a thorough examination of an organisation's controls to ensure that it meets the Organizations, Regulators, Standards etc. requirements. SecurWires follows a four-step approach to audit and deliver the report

  • Planning and Preparations
  • Documentation Review
  • Assessment and Audit
  • Analysis and Reporting

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