Tuesday 10 December 2019

Bank auditors have to be more vigilant

Under the new framework, statutory auditors, in verifying whether an NPA has been correctly identified by the bank, should not confine to the objective tests laid down but “display a greater degree of scepticism and independence” in scrutinising banks’ exposure to big borrowers.

from Stocks-Markets-Economic Times https://ift.tt/2Px8a2O

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