Evolution of Module
AU-A.2.1
This Module was first issued as Module AU (Audit Firms) in July 2004, as part of the first release of Volume 1 (conventional banks) of the BMA Rulebook. It was subsequently reissued in full in July 2006 (and renamed "Auditors and Accounting Standards").
AU-A.2.2
The reissued Module was one of several Modules modified to reflect the introduction of the BMA's new integrated license framework. Although the new framework did not change the substance of the requirements contained in this Module, the Module was re-issued in order to simplify its drafting and layout and align it with equivalent Modules in other Volumes of the BMA Rulebook.
AU-A.2.3
This Module is dated July 2006. Pages that are subsequently changed in this Module are updated with the end-calendar quarter date in which the change was made: Chapter UG-3 provides further details on Rulebook maintenance and version control.
AU-A.2.4
A list of changes made to this Module is provided below:
Module Reference Change Date Description of Changes Whole Module July 2006 Module renamed as Module AU (Auditors and Accounting Standards). Text redrafted but substance of requirements left unchanged. AU-A.1 10/2007 New Rule AU-A.1.3 introduced, categorising this Module as a Directive. AU-1.2 10/2007 Rule AU-1.2.3 redrafted to clarify reporting obligation. AU-1.5 10/2007 Paragraphs AU-1.5.4 and AU-1.5.6 updated to reflect CBB Law requirements on auditor independence. Amended: October 2007
