Provide ins Identify the auditing entities or individuals responsible for overseeing the financial operations of Fincare small finance bank

Answer:

Overview of Auditing Entities or Individuals Responsible for Fincare Small Finance Bank

Fincare Small Finance Bank is audited by regulatory entities, external and internal auditors. The regulatory entities are the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI). The external auditors are appointed by the Board of Directors of Fincare Small Finance Bank, who are then approved by the RBI. The internal auditors are appointed by the Board of Directors of Fincare Small Finance Bank, and are responsible for monitoring the bank’s internal operations and procedures.

Regulatory Entities

The Reserve Bank of India (RBI) is the primary regulatory body for Fincare Small Finance Bank. The RBI is responsible for ensuring that Fincare Small Finance Bank meets all of its regulatory requirements. The Securities and Exchange Board of India (SEBI) is another regulatory body for Fincare Small Finance Bank. SEBI is responsible for overseeing the capital markets, and ensuring that Fincare Small Finance Bank complies with the applicable laws and regulations.

External Auditors

External auditors are appointed by the Board of Directors of Fincare Small Finance Bank, and are then approved by the RBI. The external auditors are responsible for conducting an independent review of the financial statements of Fincare Small Finance Bank. The external auditors are also responsible for reviewing the internal controls of the bank, and making sure that the bank is following the applicable laws and regulations.

Internal Auditors

Internal auditors are appointed by the Board of Directors of Fincare Small Finance Bank. The internal auditors are responsible for monitoring the internal operations and procedures of the bank. The internal auditors are also responsible for reviewing the financial statements of Fincare Small Finance Bank, and making sure that the bank is following the applicable laws and regulations.

Related Questions

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