Regulatory Alerts2005-03-15
Directions for Auditing Liquid Reserves of Financial Institutions
The Central Bank of the Republic of China issued these directions to establish the regulatory framework for auditing the liquid reserves of financial institutions. Originally announced on January 24, 1983, the regulations were last amended on March 15, 2005, to ensure ongoing compliance with monetary standards. These rules mandate specific auditing procedures to verify that financial entities maintain sufficient liquid assets as required by central bank oversight.
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