12
13.
5.
Is any
That is the existing position about auditors? change required? In particular, is it desirable that only auditors specially approved by Government for this purpose shall certify accounts and returns of banks?
14.
Is it possible to devise a form of accounts (? to be published half-yearly or quarterly, and perhaps submitted more often to some such officer as is referred to under 11 above)
which
15.
(a) shall make it as difficult as possible to conceal
improper practices.
(b) shall compel auditors to point out matters which those
who would be likely to be approved under 13 would in fact point out - e.g. by requiring a certificate that securities in the balance sheet were not shown at more than the market price but
(c) would consist of information required by the banks
themselves under the classification laid down, so that a properly conducted bank would not have to do additional work to satisfy the requirements.
Cf. the Cunliffe Committee's proposed form; the S.S. return referred to above; and the Palestine Committee's recommended form asked for by air mail.
Should the rules and any changes in the rules of institutions which accept savings deposits be subject to prior approval on behalf of the Government, and if so by what body or person?
No comments yet.
Private notes are available after approval.