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  • AU-2 AU-2 Access

    • AU-2.1 AU-2.1 BMA Access to Auditors

      • AU-2.1.1

        Islamic bank licensees must waive any duty of confidentiality on the part of their auditors, such that their auditors may report to the BMA any concerns held regarding material failures by the Islamic bank licensee to comply with BMA requirements.

      • AU-2.1.2

        The BMA may, as part of its on-going supervision of Islamic bank licensees, request meetings with a licensee's auditors. If necessary, BMA may direct that the meeting be held without the presence of the licensee's management or Directors.

    • AU-2.2 AU-2.2 Auditor Access to Outsourcing Providers

      • AU-2.2.1

        Rule OM-2.5.1 (c) on outsourcing agreements between Islamic bank licensees and outsourcing providers requires licensees to ensure that their internal and external auditors have timely access to any relevant information they may require to fulfil their responsibilities. Such access must allow them to conduct on-site examinations of the outsourcing provider, if required.