Question

Explain the salient features of enactments affecting Bank Audit.

Answer 1

Answer:

Audit of banks:-

The audit of the banks should be well-acquainted with the relevant provision of thespecial enactment that govern different types of banks, particularly those whichaffect the various items of the financial implications of the business carried on by banks and the types of the transaction that arise in the day-to-day operations.In this chapter, salient features of audit of the banks are considered in the context of the provision of the various enactment governing

Explanation:

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