Review of compliance by internal and external auditors
CA-1.3.12
The bank's compliance with the established criteria for allocating items to the trading and banking books, and with the policy statement agreed with the Agency, should be reviewed by the bank's internal auditors at least on a quarterly basis, and by the external auditors at least once a year.
CA-1.3.13
Any cases of non-compliance identified by the internal auditor should be immediately brought to the attention of the Agency, in writing, by the senior management of the bank. Any non-compliance identified by the external auditors, requires them to submit a written report directly to the Agency (in accordance with the requirements in section CA-9.8), in addition to a report to be submitted by the management.
