To appoint an external auditing company to perform a full audit on RBN subsidiaries finances in order to verify whether correct procedures were followed by the Finance department that comply with generally accepted accounting practices (GAAP) and International framework and reporting standards (IFRS) by examining RBI Financial statements for the year 2014 and issuing the Audit report by end June 2015.

The scope:

• Key management and financial controls in place;
• Preparation of financial statement and evaluating the overall presentation of Financial Statement;
• An assessment of business processes;
• Evaluation of appropriateness of accounting policies;
• Resolve audit issues raised during the auditing period;
• Assessment of the risks of material misstatement of the financial statement, whether due to fraud or error; and 
• Receive final audit report on the financials.