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<h1>Financial Watchdogs Launch Comprehensive Six-Month Audit Review of Bank and Engineering Company Statements</h1> The Chartered Accountants' apex body ICAI will spend six months reviewing financial statements of a bank and an engineering company following accounting irregularities. The Financial Reporting Review Board is examining potential audit lapses, with possible disciplinary actions against auditors. The review covers financial statements from recent years, focusing on derivative trades, accounting discrepancies, and potential governance issues. If irregularities are confirmed, the matter will be referred to ICAI's disciplinary committee for further investigation.