Rajeshwar Rao: Role of statutory auditors in emerging financial landscape
By Bank for International Settlements (BIS)
In this forward-looking address, Deputy Governor Rajeshwar Rao delineates the evolving responsibilities of statutory auditors within India's maturing financial landscape. He posits that as the Reserve Bank of India (RBI) shifts from rigid "rule-based" to flexible "principle-based" regulations, auditors must move beyond mere verification to exercise deep professional skepticism.
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