Regulatory Alerts2026-04-01
Central Bank of Djibouti Instruction No. 2011-08 on Approval Procedures for Statutory Auditors
The Governor of the Central Bank of Djibouti mandates that credit institutions submit approval requests for their appointed statutory auditors within two months prior to the effective date of appointment. The instruction permits a single auditor for institutions with total balance sheets under 50 billion FDJ and requires accompanying certificates confirming compliance. Furthermore, it establishes an alert procedure for auditors to notify the Central Bank when identified facts threaten the company's going concern status.
BANQUE CENTRALE DE DJIBOUTI
INSTRUCTION NO. 2011-08
RELATIVE TO THE PROCEDURES FOR APPROVAL
OF STATUTORY AUDITORS
The Governor of the Central Bank of Djibouti,
Having regard to Law No. 191/AN/86/1ère L of February 13, 1986 on Commercial Companies;
Having regard to Decree No. 196-116/PR/PR/MJAM of November 30, 1;
Having regard to Decree No. 297-142/PR/MJAM relating to the organization of the profession and the professional status of statutory auditors of companies;
Having regard to Law No. 118/AN/1;
Having regard to Law No. 119/AN/11/6ème L of January 22, 2011 relating to the establishment and supervision of credit institutions.
Having regard to Decree No. 194-01;
Orders:
Article 1:
Credit institutions are required to submit to the Central Bank of Djibouti requests for approval of the statutory auditor(s) they propose to appoint to certify their annual accounts, as provided for in Article 37, paragraph 1 of Law No. 119/AN/11/6ème L of January 22, 201.
Article 2:
The audit of a credit institution may be performed by a single statutory auditor when the total balance sheet amount of the institution is less than 50 billion FDJ.
Article 3:
Requests for approval of statutory auditors must reach the Central Bank of Djibouti no later than two months before the date of acquisition of their appointment charge, in charge of their appointment in charge of their designation, notwithstanding the documents mentioned in Article 3, a certificate, duly dated and signed by an authorized officer, by which the institution certifies that the choice of each statutory auditor has been made in respect of the document's original language.
Article 4:
The requests are accompanied by the information to be included in the documents attached to this instruction, notwithstanding the documents mentioned in Article 3, a certificate, duly dated and signed F.
Article 5:
The documents of the application for the organization of the profession and the professional status of statutory auditors of companies;
Article 14:
The reports produced by the statutory auditors comprising all synthesis statements and reports.
Article 15:
When in the exercise of their function, statutory auditors identify facts that may jeopardize the continuity of the operation of the exploitation of the company, they trigger an alert procedure to inform the Central Bank of Djib.
Article 16:
The reports referred to in Article 0.
Article 17:
This instruction of the Central Bank of the.
Made in Djibouti, on December 15, 2011
The Governor