2018-07-30

Circular dated July 29, 2018 regarding conducting external evaluations of internal audit

The letter, dated July 29, 2018, is addressed to the Chairman of the Board of Directors of a bank in Egypt. It requests the bank to conduct an external quality assurance review of its internal audit function every five years, in line with international standards and best practices. The Central Bank of Egypt must be informed of the name of the reviewing entity and the scope of work, and provided with a copy of the assessment report, including recommendations for corrective actions.

Egypt

Central Bank of Egypt

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