• AU-2 AU-2 Access

    • AU-2.1 AU-2.1 CBB Access to Auditor

      • AU-2.1.1

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

        Amended: January 2011
        October 07

      • AU-2.1.2

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

        Amended: January 2011
        October 07

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

      • AU-2.2.1

        Rule OM-3.5.1 (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.

        Amended: April 2012
        October 07