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  • AU-1.2 AU-1.2 Removal or Resignation of Auditor

    • AU-1.2.1

      Islamic bank licensees must notify the CBB as soon as they intend to remove their auditor, or if their auditor intends to resign, with an explanation of their decision, or as soon as their auditors resigns.

      Amended: January 2011
      October 07

    • AU-1.2.2

      Islamic bank licensees must ensure that a replacement auditor is appointed (subject to CBB approval as per Section AU-1.1), as soon as reasonably practicable after a vacancy occurs, but no later than three months.

      October 07

    • AU-1.2.3

      In accordance with the powers granted to CBB under Article 63 of the CBB Law, auditors of Islamic bank licensees and their licensees must inform the CBB in writing, should they resign or their appointment as auditor be terminated, within 30 calendar days, of the event occurring, setting out the reasons for the resignation or termination.

      October 07