The auditor should accordingly acquire a knowledge of the regulatory environment in which the bank operates. ... associated with banking activities, which, though not unique to banking, are sufficiently important in that they serve to shape banking operations. ... Most banks have well-designed accounting and procedures manual which can serve as an important source of information on these aspects.
|Title||:||Auditing: Principles and Techniques|
|Publisher||:||Pearson Education India - 2006|