Regulatory Alerts2010-05-10
Opinion No. 001-05-2010 on the Term of Office of Statutory Auditors of Credit Institutions in the UMOA
The Governor of the BCEAO issued Opinion No. 001-05-2010 to specify the implementation of statutory auditor appointments for UMOA credit institutions. The opinion establishes a renewable three-year term effective April 1, 2010, while confirming that incumbent permanent and alternate auditors continue their functions under existing contractual conditions. All subsequent appointments and renewals must strictly follow the provisions of Article 51, paragraph 6, of the banking regulation law.
Share