This latest action follows a similar one where four accounting firms were fined by the regulator for their various roles played in the collapse of five banks.
According to the Institute’s President, Prof. Kwame Adom-Frimpong, a monitoring team is already drawing a programme to enable them to investigate the issue and identify how members worked with the collapsed savings and loans companies as wells as microfinance companies.
''We are drawing up a programme, in fact, the council [the highest decision-making body of ICAG] has given out instructions. So we are drawing a program whereby we can start from a few institutions because the microfinance sector itself has tiers or categories so you need to do it systematically'' he explained. Read Full Story
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