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D) All of the Above of course
D
d
D. all of the above. Being Bank is a financial institution, there are various independent level of audit to ensure correctness and completeness of customer transactions and their funds are safe with banks.
answer D is correct
D
c. It is carried out immediately after the transaction takes place on continuous basis, generally carried out by persons other than employees.
A. Statutory audit
A statutory audit is a legally required audit of the accuracy of the financial records of business concerns. Undertakings subject to statutory audit include Banking companies governed by the Banking Regulation Act,1949
