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Location: Central Bank of Bahrain Volume 5—Specialised Licensees > Common Modules (Applicable to all Specialised Licensees) > Part A > High Level Standards > AA Auditors and Accounting Standards > AA-2 Access
  • AA-2 Access

    • AA-2.1 CBB Access to Auditors

      • AA-2.1.1

        Specialised licenseesG must waive any duty of confidentiality on the part of their auditor, such that their auditor may report to the CBB any concerns held regarding material failures by the specialised licenseeG to comply with CBB requirements.

        October 2010

      • AA-2.1.2

        The CBB may, as part of its on-going supervision of specialised licenseesG , request meetings with a licensee'sG auditor. If necessary, the CBB may direct that the meeting be held without the presence of the licensee'sG management or DirectorsG .

        October 2010

    • AA-2.2 Auditor Access to Outsourcing Providers

      • AA-2.2.1

        Outsourcing agreements between specialised licenseesG and outsourcing providers must ensure that the licensee'sG internal and external auditors have timely access to any relevant information they may require to fulfil their responsibilities. Such access must allow them to conduct on-site examinations of the outsourcing provider, if required.

        October 2010

      • AA-2.2.2

        Further Rules and Guidance on outsourcing are contained in Module RM (Risk Management).

        October 2010

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