🚨 NFRA vs IndusInd Bank Auditors — Key Updates: 1️⃣ NFRA sent notices to current & ex-auditors (MSKA & Associates, BDO, PwC, EY, MP Chitale). 2️⃣ Focus: Audit lapses linked to derivative irregularities & misstatements. 3️⃣ Files for audits since 2017 demanded — covering 5+ years of alleged fraud. 4️⃣ Auditors asked to prove checks on working papers & validate bank claims. 5️⃣ Industry wants NFRA to question IndusInd’s audit committee too. 6️⃣ Issue: Senior insiders may have helped hide losses, cooking books. 7️⃣ Outcome: Possible tightening of audit norms for banks. #audit #nfra #indusind