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MCX & NCDX
Can anybody please tell me how to verify the NCX and MCX during the course of statutory audit
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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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