AA-1.5.3

Past version: Effective from 01 Jul 2007 to 30 Sep 2009
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Further Guidance on this issue will be provided in the Risk Management Module, when issued. The only circumstances in which the CBB may allow such outsourcing to a licensee's auditors, would be to meet unexpected urgent or short-term needs (for instance, on account of staff resignation or illness). Any such arrangement will normally be limited to a maximum period of one year.

Amended: January 2007