Saturday, June 13, 2020

There’s an element of subjectivity in banking audits

Audit of financial statements of the institution by external auditors is considered to be a highly effective component of a control system. Banks in India, being ‘systemically important’ institutions and of ‘public interest’, are subjected to robust control systems by the RBI and the government. Read more
By. Nalayiram Subramanian. Professor. Alliance University