The role of auditors will also remain key as they gear themselves to play a more effective role as part of the control systems of banks. For the purpose, auditors need a deeper understanding of the bank’s business.
Globally, the World Bank Global Findex Database (Global Findex) revealed that in 2021, 76 percent of adults had an account at a bank or regulated institution such as a credit union, microfinance institution, or a mobile money service provider.