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Auditors are our eyes and ears: RBI guv
Terming auditors as the "eyes and ears" of the central bank, Reserve Bank of India (RBI) Governor Duvvuri Subbarao on Friday said accounting professionals should provide early warning signals so that better supervision can be ensured in the banking system and also called for an inter-disciplinary approach to the job.
Updated on: Dec 16, 2011, 21:57:50 IST
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Terming auditors as the "eyes and ears" of the central bank, Reserve Bank of India (RBI) Governor Duvvuri Subbarao on Friday said accounting professionals should provide early warning signals so that better supervision can be ensured in the banking system and also called for an inter-disciplinary approach to the job.
“In our view, auditors are the eyes and ears of the RBI and we trust them to alert us to early warning signals to assist us in supervisory process,” Subbarao told the 26th western regional council meet of the Institute of Chartered Accountants of India.
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