Information System Audit
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Information Technology and Digital Banking (Elective) — CAIIB.
One-liners from this chapter
Free sample — 8 of 65 rapid-fire Q&A cards.
Safeguarding the Assets — What it ensures / Banking-specific example?
What it ensures: Adequate measures protect hardware, software, appliances, and human ware from theft, damage, or unauthorised access.; Banking-specific example: Biometric access to the data centre; ATM cassette security; cyber-controls on internet banking servers.
What is Information System (IS) Audit?
Independent examination and evaluation of an organisation's computer system.
Maintaining Data Integrity — What it ensures / Banking-specific example?
What it ensures: Data is complete, accurate, undistorted, and preserved as intended by the organisation.; Banking-specific example: Loan account balances in CBS reconcile with general ledger; no orphan or duplicate KYC records.
Which RBI directive mandates IS Audit for banks?
RBI Master Direction on IT Governance, Risk, Controls and Assurance Practices.
Maintaining Process Integrity — What it ensures / Banking-specific example?
What it ensures: All processing — interest computation, NPA classification, cheque clearing — runs uniformly across batches and branches.; Banking-specific example: End-of-Day (EOD) interest run produces the same result for the same input every day.
From which date did the RBI ITGRCA Master Direction become effective?
April 1, 2024.
Effectiveness Auditing — What it ensures / Banking-specific example?
What it ensures: The system achieves the goals it was built for — feedback drives decisions to scrap, continue, or modify the system.; Banking-specific example: A new loan-origination platform is reviewed to confirm it actually reduced turn-around-time from 7 days to 1 day.
Which board committee supervises IS Audit in Indian banks?
Audit Committee of the Board (ACB).
MCQ practice tests
Chapter-wise mock tests with instant scoring.
PDF study notes
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