Regulatory Alerts2020-02-20
Directive No. 4230/2020-00014 of the National Bank of Rwanda on Accreditation Conditions for External Auditors of Foreign Exchange Bureaus
The National Bank of Rwanda issues this directive to establish accreditation conditions for external auditors serving foreign exchange bureaus. It mandates that category I bureaus utilize small accredited audit firms, while category II bureaus may appoint individual auditors or large firms, with all appointments subject to a maximum three-year term per bureau. External auditors must conduct audits under International Standards on Auditing and International Financial Reporting Standards, submitting comprehensive annual reports that verify true financial statements and disclose regulatory compliance.
Share