"To improve audit quality and bring about a transparent mechanism to examine the accountability of SAs in a consistent manner, it has been decided to put in place a graded enforcement action framework to enable appropriate action by the RBI in respect of the banks SAs for any lapses observed in conducting a statutory audit," RBI said.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2NbhTK4
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