Description
Guidelines and user manual for system auditors to submit System Audit Reports (SAR) through BEFS portal via Cymmetri authentication system.
Summary
BSE has issued an auditor user manual for submitting System Audit Reports (SAR) for stockbrokers and trading members for the half year ended September 30, 2025. The document provides detailed technical guidelines for empanelled system auditors to submit their audit reports through the BEFS (BSE Electronic Filing System) portal using Cymmetri authentication.
Key Points
- System Audit Reports must be submitted through BEFS portal via Cymmetri single sign-on system
- Auditors receive login credentials via email after empanelment confirmation from the Exchange
- Only Internet Explorer (version 11 and above) is supported for SAR submission
- Microsoft Excel 2007 or above is required for report preparation
- Multi-factor authentication is mandatory for auditor login
- Location services must be enabled when logging through Cymmetri
- Auditors must verify and confirm member-entered details before proceeding
System Requirements
- Microsoft Excel version 2007 and above
- Internet Explorer version 11 and above (mandatory browser)
- Location services enabled
- Multi-factor authentication setup
Submission Process
- Auditor receives Cymmetri login credentials via email after empanelment
- Login at https://membersso.bseindia.com using Internet Explorer
- Enable location services when prompted
- Complete multi-factor authentication
- Navigate to My Access > BEFS > SAR Empanelment > Auditor Reporting
- Select audit period and fetch assigned engagements
- Verify and confirm auditor details entered by member
- Modify details if necessary using the modify button
- Submit auditor information and member contact person details
- Complete submission and logout
Compliance Requirements
- Empanelled system auditors must submit System Audit Reports for all assigned stockbroker/trading member clients
- Auditors must verify accuracy of member-entered information before submission
- Auditors are required to input their own details and member contact person details
- Proper authentication through Cymmetri SSO is mandatory
- All submissions must follow the prescribed technical workflow
Important Dates
- Audit Period: Half year ended September 30, 2025
- Submission deadline: Not specified in the circular (auditors should refer to empanelment communication)
Impact Assessment
Impact on Auditors: Medium - Empanelled system auditors must follow the new technical procedure for SAR submission through Cymmetri authentication system. The process requires specific browser and software configurations.
Impact on Stockbrokers/Trading Members: Low - Members are required to enter preliminary information that auditors will verify, but the primary compliance burden is on the auditors.
Operational Impact: This is a routine regulatory compliance exercise conducted semi-annually. The circular provides technical guidance to ensure smooth submission process and does not introduce new audit requirements or change existing compliance obligations.
Impact Justification
Routine regulatory compliance requirement for stockbrokers and trading members. Important for auditors but does not directly impact trading or market operations.