Regulatory Alerts2024-07-16
Added · Updated
Appointment of Audit Firms (Chartered Accountants) to conduct Audit in Banks and Finance Companies
Bangladesh Bank requires banks and finance companies to immediately stop the engagement of an audit partner if their registration is repealed or postponed by the Financial Reporting Council. To continue audit formalities, the appointing institution must consult with the audit firm's managing or senior partners to engage another partner registered with the Financial Reporting Council. This directive amends the previous list of eligible audit firms by adding this real-time compliance obligation and remains in force with immediate effect.
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