RBI's new guidelines for appointment of auditors by Commercial banks, NBFCs and Housing Finance Corp

RBI has issued certain guidelines for Appointment of Statutory Central Auditors (SCAs)/Statutory Auditors (SAs) of Commercial Banks (excluding RRBs), UCBs, and NBFCs (including HFCs) for joint audit as the concept, and this decision is backed by the Institute of Chartered Accountant (ICAI).

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