Advisory Committee on Audit Quality, Assurance and Technology
| S.No | Members | Capacity |
| 1 | Mr Amit Jain-Technical Architect, iSPIRT Foundation (Profile) |
Member |
| 2 | Mr Ananth Narayan, Ex Whole-Time Member, SEBI (Profile) |
Member |
| 3 | Mr Bharat Goenka-CFO, Hindalco Industries (Profile) |
Member |
| 4 | Mr Milind Sarwate -Advisor, Mentor, ESG Contributor & Independent Director (Profile) |
Member |
| 5 | Mr M P Vijay Kumar, Executive Director & CFO, Sify Technologies (Profile) |
Member |
| 6 | Mr Robin Banerjee- Chairman, Nucleon Research Pvt. Ltd. (Profile) |
Member |
| 7 | Mr Sanjeev Sood- EVP Internal Assurance & Chief Audit Executive, Axis Max Life Insurance (Profile) |
Member |
| 8 | Ms Sharmila Abhay Karve, Independent Director (Profile) |
Member |
| 9 | Ms Shyamala Gopinath-Ex-Deputy Governor, RBI & Independent Director (Profile) |
Member |
(Names are in alphabetical order)
Terms of reference
In an advisory capacity, the Committee may provide expert advice and inputs to NFRA on the following matters:
- The implementation and consistent application of the Standards on Auditing, the Standards on Quality Control and Quality Management, related assurance and review standards, and the applicable ethical requirements, including questions arising from their adoption in practice.
- The identification of audit areas, sectors and emerging risks that may warrant thematic or sectoral focus.
- The governance of, and the risks and practical implementation issues arising from, the use of data analytics, automation, artificial intelligence and machine learning in the conduct of audits.
- Cybersecurity and cloud-related risks affecting audit platforms, the integrity and confidentiality of audit documentation, and the security of client data.
- The audit implications of audited entities’ technology environments, including enterprise resource planning (ERP) systems, automated and application controls, application programming interfaces (APIs), system logs, digital-payment systems, blockchain and distributed-ledger systems, and cloud environments.
- Inputs on outreach, stakeholder engagement and staff publications, including guidance material, frequently asked questions and staff papers on matters within the Committee’s remit, as above.