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  • AU-3.6 AU-3.6 Review of Quarterly Prudential Information Returns

    • AU-3.6.1

      Islamic bank licensees must arrange for their auditor to review the licensee's quarterly Prudential Information Returns to the CBB, prior to their submission, unless otherwise exempted in writing by the CBB. The review must be made in the form of an Agreed Upon procedures Report (as outlined in BR-3).

      Amended: January 2011
      Amended January 2009
      Added April 08

    • AU-3.6.2

      Islamic bank licensees are required to submit a quarterly Prudential Information Return (PIR). Islamic bank licensees may apply in writing to CBB for an exemption from the requirement that the PIR be reviewed by the licensee's external auditor: this exemption would normally only be given where the licensee had established a track record of accurate and timely reporting, and there were no other supervisory issues of concern. Further details on the CBB's reporting and related requirements, including the precise scope of the auditor's review and attestation, are contained in Module BR (CBB Reporting).

      Amended: January 2011
      Added: April 08

    • AU-3.6.3

      For Bahraini Islamic bank licensees, all existing exemptions in respect of PIRI review as at 31st December 2014 will cease.

      Added: April 2015