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RBI’s Bank Audit Fantasy
The new auditor guidelines merely tilt at windmills. The RBI should do better, writes R Narayanaswamy.
15 Jun 2021, 02:18 PM IST
If the staid profession of accountants hits the headlines, it can’t be for good reasons. The new audit guidelines of the Reserve Bank of India have caused an upheaval. The Big Four (Deloitte, EY, KPMG, and PwC) feel that the guidelines are a recipe for disaster. The Indian firms welcome them because some banks are within their reach.
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