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Location: Central Bank of Bahrain Volume 4—Investment Business > Part A > High Level Standards > AA Auditors and Accounting Standards > AA-1 Auditor Requirements > AA-1.2 Removal or Resignation of Auditors > AA-1.2.3
  • AA-1.2 Removal or Resignation of Auditors

    • AA-1.2.1

      Investment firm licenseesG must notify the CBB as soon as they intend to remove their auditors, with an explanation of their decision, or as soon as their auditors resign.

      Amended: January 2007

    • AA-1.2.2

      Investment firm licenseesG must ensure that a replacement auditor is appointed (subject to CBB approval as per Section AA-1.1), as soon as reasonably practicable after a vacancy occurs, but no later than three months.

      Amended: January 2007

    • AA-1.2.3

      In accordance with the powers granted to CBB under Article 63 of the CBB Law, auditors of investment firm licenseesG must inform the CBB in writing, should they resign or their appointment as auditor be terminated, within 30 calendar days, of the event occurring, setting out the reasons for the resignation or termination.

      Amended: January 2007

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