Chartered accountants' apex body, the Institute of Chartered Accountants of India (ICAI) is going to review financial statements of crisis-hit Yes Bank. The Financial Reporting Review Board (FRRB) of the ICAI would take up the review of general purpose financial statements of Yes Bank for 2017-18 and 2018-19.
In case the FRRB finds any material/ serious non-compliance, it would refer the case to the Director (Discipline) of ICAI for initiating action against the Auditor.
Yes Bank is engaged in providing banking services, including corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management.
