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Location: Central Bank of Bahrain Volume 1—Conventional Banks > Part A > High Level Standards > AU Auditors and Accounting Standards > AU-2 Access
  • AU-2 Access

    • AU-2.1 CBB Access to Auditor

      • AU-2.1.1

        Conventional bank 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 conventional bank licenseeG to comply with the CBB requirements.

        Amended: January 2011
        October 2007

      • AU-2.1.2

        The CBB may, as part of its on-going supervision of conventional bank 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 .

        Amended: January 2011
        October 2007

    • AU-2.2 Auditor Access to Outsourcing Providers

      • AU-2.2.1

        Rule OM-3.5.1 (c) on outsourcingG agreements between conventional bank licenseesG and outsourcing providersG requires licenseesG to ensure that their 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 providerG , if required.

        Amended: April 2012
        October 07

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