Regulatory Alerts2020-10-09
61-3 On the Verification of Annual Financial Statements
The Bank of the Republic of Haiti issued Circular 61-3 to mandate the independent verification of annual financial statements for all financial institutions and their subsidiaries. The regulation establishes strict qualification and independence criteria for auditors, defines their reporting obligations to the Bank, and sets specific timelines for the submission of verified statements and reliability certifications. It also outlines the Bank's supervisory powers, including the right to inspect audit files and impose financial penalties for non-compliance with these auditing standards.
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