The RBI says it will take action against banks' statutory auditors in case of any lapses in their auditing process such as misstatement of a bank's financial statement or wrong information in audit report
1 min read4 Jul 2018While differences between statutory audit of bank books by auditing firms and RBI have existed historically, it all boils down to different sample sizes and is highly discretionary in nature
2 min read30 May 2017The announcement added that the audit of stand-alone financials of FTIL for FY14, has been completed
1 min read10 Jun 2014The exchange will at its board meeting on 9 May take up the FMC notice issuedinFebruary that sought a review of its auditors
3 min read9 May 2014RBI bans bank auditors from acting as its consultants too
2 min read18 Jan 2009The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared