With introduction of Digital india concept as annouced by Indian Govt. now the role of each type of auditor will change.There will be two possibility to conducting audit
1) With the knowledge of Information technology act and cyber law Stautory or cost auditor will do the audit.
2) Another option is that there may be separate Information technology and cyber law audit .This type of audit will become the base of other audits.Earlier this type of audit was not compulsory but now hope it will become mandatory for each organization.
Information technology and cyber law audit report will become the compulsory part of corporate Governance Report of the organisation.In which Each CEO/CFO and auditors will be responsible for compulsory compliances of Cyber act.And there will be stringent palenties will be imposed for non compliance of cyber act.
Now onwards for Each CA/CMA/CS the knowledge of information technology and cyber law is must for conducting their respective audit. most importantly the knowledge of crime frauds and scams such as
• Hacking
• Phishing
• Cyber Stalking
• Website Cloning
• Tampering with Computer Source Documents
• Identity theft
• Cheating by personation by using computer resource
• Violation of privacy
• Cyber terrorism
• Publishing or transmitting obscene material in electronic form
Legal terms
CYBER WALLET, CYBER MONDAY, CYBER-MEDIARY, SECURITIES FRAUD, CYBER, CYBER CAF, FRAUD, CYBER-MARKETING, FRAUD ARE, FRAUD RING
Cyber Crime is Silent Killer"
CAclubindia
