Regulatory Alerts2022-06-02
Regulation No 44/2022 on Accreditation of External Auditors for Regulated Institutions
The National Bank of Rwanda issues Regulation No 44/2022 to establish the application requirements, annual review procedures, and fee structures for accrediting external auditors serving regulated financial institutions. The regulation outlines the validity period of accreditation, grounds for its suspension or revocation, and the specific duties and reporting obligations that accredited auditors must fulfill toward the supervisory authority. It further defines related party disclosures, actuarial valuation standards for insurers and pension schemes, quality assurance enforcement, and applicable disciplinary sanctions to ensure robust external audit oversight.
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