Regulatory Alerts2022-06-02
Regulation No 44/2022 Determining Requirements for Accreditation of External Auditors for Regulated Institutions
The National Bank of Rwanda issues Regulation No 44/2022 to establish the specific requirements and conditions for accrediting external auditors of regulated financial institutions. The regulation defines auditor categories, outlines application and annual review procedures, sets accreditation fees, and details the appointment obligations, core duties, and reporting standards of accredited auditors. It further specifies grounds for temporary suspension or permanent revocation of accreditation, imposes disciplinary sanctions, and clarifies the relationship between auditors, regulated institutions, and the supervisory authority.
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