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ICAI to review YES Bank's financial statements for FY18 and FY19

Firms say there are limits to audits identifying ever-greening of loans, or flagging suspect collateral securities

Topics
YES Bank | Rana Kapoor | Reserve Bank of India

Sudipto Dey  |  New Delhi 



firms, companies, auditors
The auditors are also increasingly seeking information on a group’s loan exposure, than just the company they have the audit mandate for.

The spotlight is back on the role of auditors in flagging the ongoing crisis at . The accounting standard regulator, the Institute of Chartered Accountants of India (ICAI), plans to review the financial statements of for the financial year 2017-18 (FY18) and FY19, and check whether there have been any lapses on the part of the auditors.

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First Published: Thu, March 12 2020. 01:41 IST

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