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BANK SUPERVISION DIVISION GUIDELINE …

bank SUPERVISION DIVISION GUIDELINE number 02-2015/BSD: EXTERNAL AUDIT FRAMEWORK FOR banking AND NON- bank FINANCIAL INSTITUTIONS January 2015 Page | 1 Table of Contents 1. PRELIMINARY .. 2 2. PREFACE .. 3 3. INTRODUCTION .. 5 Background .. 5 Role of External Auditors .. 6 Rationale for Cooperation between External Auditors and bank Supervisors .. 7 4. RESPONSIBILITIES OF A bank S BOARD OF DIRECTORS & MANAGEMENT .. 7 5. RELATIONSHIP BETWEEN AUDIT COMMITTEE & EXTERNAL AUDITORS .. 8 6. RELATIONSHIP BETWEEN bank SUPERVISORS & EXTERNAL AUDITORS .. 13 7. RELATIONSHIP BETWEEN SUPERVISORS & AUDIT OVERSIGHT BODIES .. 19 8. SUPERVISORY EXPECTATIONS AND RECOMMENDATIONS FOR THE EXTERNAL AUDITOR.

bank supervision division guideline number 02-2015/bsd: external audit framework for banking and non-bank financial institutions january 2015

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