Article 59 of the CBB Law requires that conventional bank licensees must maintain comprehensive books of accounts and other records, and satisfy the minimum record-keeping requirements contained in Article 60 of the pre-mentioned Law and Module OM. Books of accounts must comply with IAS. As per Article 62 of the CBB Law, audited accounts must be submitted to the CBB within 3 months of the licensee's financial year-end.
October 2007