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  • AU-A.1 AU-A.1 Purpose

    • AU-A.1.1

      This Module presents requirements that have to be met by Islamic bank licensees with respect to the appointment of external auditors. This Module also sets out certain obligations that external auditors have to comply with, as a condition of their appointment by Islamic bank licensees.

      October 07

    • AU-A.1.2

      This Module is issued under the powers given the Central Bank of Bahrain ('CBB') under Decree No. (64) of 2006 with respect to promulgating the Central Bank of Bahrain and Financial Institutions Law 2006 ('CBB Law'). It supplements Article 61 of the CBB Law, which requires licensees to appoint an external auditor acceptable to the CBB.

      October 07

    • Legal Basis

      • AU-A.1.3

        This Module contains the CBB's Directive (as amended from time to time) relating to auditors and accounting standards used by Islamic bank licensees, and is issued under the powers available to the CBB under Article 38 of the CBB Law. The Directive in this Module is applicable to all Islamic bank licensees.

        Amended: January 2011
        October 07

      • AU-A.1.4

        For an explanation of the CBB's rule-making powers and different regulatory instruments, see Section UG-1.1.

        October 07