MCX & NCDX

Can anybody please tell me how to verify the NCX and MCX during the course of statutory audit
Replies (1)
You have to consider all points related to stock broker audit,over and above NCX and MCX both 100% computerized from transactions generations till settlements of transactions.Hence You have to test the system first,Have a process flow chart from systems administrator,process test data file,and compare the results.Apart from that You have to give special attentions on only authorized log in by clients.KYC norms R being complied with?etc..........

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