Reserve Bank Of India (RBI) Extends Risk-Based Internal Audit to Housing Finance Companies (HFCs)

Reserve Bank Of India (RBI) Extends Risk-Based Internal Audit to Housing Finance Companies (HFCs)

Source www.ndtv.com The RBI says an internal audit function should broadly assess and contribute to overall improvement of an organisation’s governance, risk management and control processes by using a systematic and disciplined approach. The function is an integral part of sound corporate governance and considered as third line of defence.

The housing finance companies have been asked to put in place a RBIA framework by June 30, 2022. An effective RBIA is an audit methodology that links an organisation’s overall risk management framework and provides an assurance to the board of directors and senior management on quality and effectiveness of an organisation’s internal controls, risk management and governance-related systems and processes.

The News Highlights

  • Reserve Bank Of India (RBI) Extends Risk-Based Internal Audit to Housing Finance Companies (HFCs)
  • Check the latest News news updates and information about business, finance and more.
Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

For Latest News Follow us on Google News


Latest Headlines
  • Show all
  • Trending News
  • Popular By week
Iran’s supreme leader criticizes the US for stalling nuclear talks
Iran’s supreme leader criticizes the US for stalling nuclear talks
“Others should use your experiences. This experience is a distrust of the West,” Khamenei said in remarks broadcast by state television. “In this government, ...
King County Council Approves $42 Million for Pending Court
King County Council Approves $42 Million for Pending Court
The backlog is big, according to court officials and county staff. While felony filings have decreased since 2018 and 2019, 6,450 pending felony cases are ...
COVID hospitalizations in West Virginia see another increase |  WV News
COVID hospitalizations in West Virginia see another increase | WV News
The number of new COVID-19 cases is also on the rise. DHHR reported a total of 205 new cases on Wednesday for the prior 24 hours. While the number of patients ...
Las Cruces business receives cease and desist order for giving cannabis
Las Cruces business receives cease and desist order for giving cannabis
For local and breaking news, sports, weather alerts, video and more, download the FREE KTSM 9 News App from the Apple App Store or the Google Play Store. The ...
Is a modern-day Vice City on the way?
Is a modern-day Vice City on the way?
He has been working in Rockstar Games since 2011 and has provided music for L.A. Noire, Red Dead Redemption 2 and GTA V. Recently he posted a picture of ...
Apple claims that more people are upgrading to new iPhones, some of whom are switching from Android
Apple claims that more people are upgrading to new iPhones, some of whom are switching from Android
Without specifically naming Android, Cook said in a conference call with analysts after the company’s earnings release that the number of switchers and ...
Home of another investigative journalist in invaded Russia
Home of another investigative journalist in invaded Russia
Russian opposition supporters, independent journalists and human rights activists have faced increased government pressure ahead of September’s voting, which ...
Massachusetts Covid pellet balloons for over 760 boxes
Massachusetts Covid pellet balloons for over 760 boxes
Free testing and vaccination sites are available through August in the Cape Cod town with a year-round population of about 3,000. Morse said Tuesday that the ...
Pole Vault Sam Kendricks Out of Games After Covid Test Positive
Pole Vault Sam Kendricks Out of Games After Covid Test Positive
Men’s pole vault qualifying begins Saturday morning in Japan, or 8:40 p.m. Friday ET. An Oxford, Mississippi, native, 28-year-old Sam Kendricks is a first ...
Rumors about the iPhone SE 3: Apple’s low-cost 5G iPhone might have Face ID
Rumors about the iPhone SE 3: Apple’s low-cost 5G iPhone might have Face ID
Sareena Dayaram headshot Sareena Dayaram July 28, 2021 10:55 a.m. PT LISTEN – 04:49 iPhone SE 2020 The iPhone SE 2020 looks striking in red. At $399 it’s the ...
Show next
Compsmag - Latest News from tech, business and health
Logo