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Independent auditors for banks' outsourcing vendors

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Singapore-based firms handling outsourced work from banks involving sensitive data and material businesses must soon hire an independent auditor to go through their internal controls every year, and in effect, meet a set of guidelines outlined by the Association of Banks in Singapore (ABS).

Singapore

SINGAPORE-BASED firms handling outsourced work from banks involving sensitive data and material businesses must soon hire an independent auditor to go through their internal controls every year, and in effect, meet a set of guidelines outlined by the Association of Banks in...

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