One of the major driving force of our economy is the banking industry and contributes a large share to it. Increasing number of bank frauds and identification of banking loop holes had led to a rise in number of regulations and guidelines by RBI on Banks as well as their auditors which they have to comply.
source https://www.caclubindia.com/articles/account-statement-analysis-bank-audit-44774.asp
source https://www.caclubindia.com/articles/account-statement-analysis-bank-audit-44774.asp
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