Regulatory Alerts1997-12-08
Directions for Auditing Liquid Reserves of Financial Institutions
The Central Bank of the Republic of China issued the Directions for Auditing Liquid Reserves of Financial Institutions to establish regulatory standards for the audit of liquid reserves. These directions mandate specific auditing procedures and compliance requirements for financial institutions to ensure the adequacy and accuracy of their liquid reserve holdings. The regulations were originally announced on January 24, 1983, and were subsequently amended on December 08, 1997, to reflect evolving financial oversight needs.
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