Central Bank of Bahrain - Rulebooks & Regulatory Update

CBB Volume 1: Contents

Central Bank of Bahrain Volume 1—Conventional Banks

High Level Standards

LR Licensing Requirements

PB Principles of Business

HC High-Level Controls

AU Auditors and Accounting Standards

AU-A Introduction

AU-B Scope of Application

AU-1 Auditor Requirements

AU-1.1 Appointment of Auditor

AU-1.2 Removal or Resignation of Auditor

AU-1.3 Audit Partner Rotation

AU-1.4 Auditor Independence

AU-1.4.1

AU-1.5 Licensee/Auditor Restrictions

AU-3 Auditor Reports

AU-4 Accounting Standards

AU-5 Role of External Auditor as Appointed Expert

GR General Requirements

Business Standards

Reporting Requirements

Enforcement & Redress

Quarterly Updates

Ad-hoc Communications

Archived Part A

Archived Part B

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Location: Central Bank of Bahrain Volume 1—Conventional Banks > Part A > High Level Standards > AU Auditors and Accounting Standards > AU-1 Auditor Requirements > AU-1.4 Auditor Independence > AU-1.4.1

AU-1.4 Auditor Independence

AU-1.4.1

Article 61(d) of the CBB Law imposes conditions for the auditor to be considered independent. Before a conventional bank licensee^G appoints an auditor, it must take reasonable steps to ensure that the auditor has the required skill, resources and experience to carry out the audit properly, and is independent of the licensee^G .

October 07

Versions
(1 Version)

Oct 1 2007 onwards

AU-1.4 Auditor Independence

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