Regulatory Alerts2022-06-02
Regulation No 44/2022 on Accreditation Requirements for External Auditors of Regulated Institutions
The National Bank of Rwanda issued Regulation No 44/2022 to establish comprehensive accreditation requirements and conditions for external auditors overseeing regulated financial institutions. The regulation mandates application procedures, annual compliance reviews, fee structures, and clear grounds for suspension or revocation of auditor accreditation. It further defines auditors' core duties, reporting obligations to the supervisory authority, related-party disclosures, and applicable disciplinary sanctions to ensure robust financial oversight.
Share