Back Custom print Link Text Only Rich Text Print

  • AU-B AU-B Scope of Application

    • AU-B.1 AU-B.1 Islamic Bank Licensees

      • AU-B.1.1

        The contents of this Module – unless otherwise stated – apply to all Islamic bank licensees.

        October 07

      • AU-B.1.2

        The contents of Chapters AU-1 to AU-4 apply to both Bahraini Islamic bank licensees and branches of foreign bank licensees.

        Amended: April 2020
        Added: October 07

    • AU-B.2 AU-B.2 Auditors

      • AU-B.2.1

        Certain requirements in this Module indirectly extend to auditors, by virtue of their appointment by Islamic bank licensees. Auditors appointed by Islamic bank licensees must be independent (cf. Sections AU-1.4 and AU-1.5). Auditors who resign or are otherwise removed from office are required with their licensees to inform the CBB in writing of the reasons for the termination of their appointment (cf. Section AU-1.2). Other requirements are contained in Sections AU-1.3 (Audit partner rotation) and AU-3 (Auditor reports).

        October 07