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of <h1>Financial Oversight: ICAI's Comprehensive Review of Bank's Statements Targets Accounting Standards and Potential Irregularities</h1> The Institute of Chartered Accountants of India (ICAI) will review the financial statements of a major bank for two consecutive financial years. The Financial Reporting Review Board will assess compliance with accounting standards, auditing norms, and regulatory guidelines. This review follows recent disclosures about accounting lapses, derivative trade issues, and potential financial irregularities at the bank.
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