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  • AU-A.2 AU-A.2 Module History

    • Evolution of Module

      • AU-A.2.1

        This Module was first issued as Module AU (Audit Firms) in January 2005, as part of the first release of Volume 2 (Islamic 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.

    • Superseded Requirements

      • AU-A.2.5

        Circular Ref Date of Issue Module Ref.
        (July 2004 version)        		 Circular Subject
        BC/5/82 5 Aug 1982 AU 1.1 Approval of Appointment of Auditors
        ODG/59/99 15 Jul 1999 AU 1.1–AU 1.2 Audit Partners of External Auditors and Reporting Accountants of Locally Incorporated Banks
        PIRI Pack - - - - - AU 1.4, AU 3.7 Prudential Information Returns for Islamic Financial Institutions
        ODG/162/03 (partial) 21 May 2003 AU 1.4–AU 1.4, AU 2.2 Outsourcing
        BS/9/03 (partial) 14 Sep 2003 AU 1.5 Operational Risk Management
        BC/1/97 12 Feb 1997 AU 1.6 Request for Approval for Dividend Distribution
        BC/4/99 (partial) 17 Mar 1999 AU 1.6, AU 3.7 Annual Accounts for the Year Ending 31 December 1999
        14/86 19 Jun 1986 AU 2.1 Auditors' Relationship with Supervisors
        BMA/751/93 (partial) 8 Jul 1993 AU 3.2 Directors' Interest in the Shares of, and the Unaudited Quarterly Financial Statements of, Locally Incorporated Banks Quoted on the Bahrain Stock Exchange.
        BC/1/99 22 Feb 1999 AU 3.3 Enhancing Bank Transparency
        EDBC/6/01 (partial) 14 Oct 2001 AU 3.4 Money laundering Regulation
        BC/6/97 21 Apr 1997 AU 4 Reporting Accountants