Industry · Audit & Assurance
Assurance for banking, financial services and insurance
Assurance for a sector where trust is the product.
Financial institutions carry concentrated regulatory, cyber and operational-resilience obligations. We provide independent, evidence-based assessments that help you demonstrate control effectiveness to regulators, boards, customers and auditors — without overstating what any single rule requires of you.
Business context
Banks, NBFCs, capital-market intermediaries and insurers run on digital trust and are among the most heavily supervised organisations anywhere. Requirements differ sharply by entity type and regulator, so the first job of assurance here is to establish exactly what applies to you before testing whether your controls meet it.
Major cyber & governance challenges
What the sector is up against.
Overlapping regulatory expectations
RBI, SEBI and IRDAI set distinct, evolving cyber and IT-governance expectations by entity type.
Operational resilience
Regulators increasingly expect demonstrable continuity and recovery of critical services, not just plans.
Third-party & outsourcing risk
Heavy reliance on vendors and cloud concentrates risk that must be governed and evidenced.
Financial-reporting IT controls
ITGC and application controls underpin the integrity of financial reporting and ICFR.
Customer data & payments
Customer information and card data carry privacy and payment-security obligations.
Relevant regulatory landscape
What may apply — and to whom.
RBI IT Governance Master Direction
Details →Banks, NBFCs, payments banks and others (sector-specific).
SEBI CSCRF
Details →SEBI-regulated entities in the securities market.
IRDAI requirements
Details →Insurers and intermediaries (verify current applicability).
PCI DSS
Details →Where card data is stored, processed or transmitted (contractual).
SOX / ITGC
Details →US-listed groups and their IT controls, where applicable.
ISO/IEC 27001 · ISO 22301
Details →Voluntary management-system baselines for security and continuity.
Applicability is organisation-specific. This is general information, not a legal determination — we confirm what applies to you during scoping. See the Framework Library for sources and classifications.
Key audit & assurance areas
- IT general controls & financial-reporting controls
- Cybersecurity posture & governance
- Operational resilience & disaster recovery
- Third-party & outsourcing risk
- Privacy & customer-information protection
- Incident-response readiness
Typical controls & evidence
- Access provisioning & recertification records
- Change-management approvals & logs
- BCP/DR plans & test results
- Vendor due-diligence & contracts
- Monitoring, logging & incident records
- Board & committee oversight minutes
Practical deliverables
What you receive.
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Frequently asked questions