SEBI Widens Internal Auditor Eligibility at Rating Agencies
Why in the news
SEBI eased who can sit on the internal audit teams of credit rating agencies (CRAs) to enlarge the pool of qualified professionals.
Key facts
| Earlier rule | New additions |
|---|---|
| Team had to include a Chartered Accountant and a CISA or DISA holder | Cost Accountants (ICMAI) and holders of the ICMAI Diploma in Information System Security Audit (DISSA) |
Objective and impact
- Widen the talent pool and bring in cost audit and information security skills.
- More flexibility for CRAs in forming teams and more varied skill sets.
- Supports stronger governance and IT security audits at rating agencies.
Exam angle
- Regulator: SEBI; date of change: May 15, 2025.
- Expand: CISA (Certified Information Systems Auditor), DISA, DISSA.