IndusInd Bank's joint auditors requested a forensic audit of its derivatives portfolio due to discrepancies potentially impacting its net worth by 2.35% as of December 2024. The bank's board is now selecting an audit firm, with PwC already reviewing the portfolio. The issue has persisted for 5-7 years.
from Banking/Finance-Industry-Economic Times https://ift.tt/y4IPNY2
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