2017-02-06 | DFD/CNM/GEN/GUI/01/001

Anchor Borrowers Programme Guidelines

The letter, addressed to all banks and their external auditors, highlights the requirement to comply with International Standard on Auditing (ISA) 701 for audits of financial statements ending on or after December 15, 2016. This standard requires auditors to communicate key audit matters in their independent auditor's report. The Central Bank of Nigeria (CBN) has obtained concurrence from the Financial Reporting Council of Nigeria (FRCN) for external auditors of all banks to adhere to this standard, creating a uniform implementation across the Nigerian banking industry.

Nigeria

Central Bank of Nigeria

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