Auditors ‘key’ in strengthening corporate governance, says Mauritian deputy

Deputy Googoolye expresses the importance of auditors

No governance system can "fully prevent" a financial institution from becoming victim to malpractice, the first deputy governor of the Bank of Mauritius has said, but importance of auditors cannot be "over-emphasised".

Speaking in Balaclava, Yandraduth Googoolye spoke about the two models of supervision available to banks: the "three lines" and "four lines" of defence model, first broached by the Bank for International Settlements in 2015.

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