Circular CONAU 1 - 715: Minimum Standards for External Audits for Financial Entities. Modifications.

"2005 - Year of Homage to Antonio Berni"
BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
COMMUNICATION “A” 4336 12/04/2005
TO FINANCIAL ENTITIES:
Ref.: Circular
CONAU 1 - 715
Minimum Standards for External Audits for Financial Entities.
Modifications.
____________________________________________________________ We address you to inform you of the modifications introduced in forms 3830A – External Auditors’ Background, 3831A – Sworn Declaration of External Auditors, 4368A – University Professional Associations – Application for Registration, and 4413A – Background of the Responsible Partner, in accordance with the provisions disseminated through Communication “A” 4297. In this regard, Form 4414A – University Professional Associations – Joint Liability in External Audits is hereby cancelled, and two new forms are incorporated:

• 4420A – University Professional Associations “Joint Guarantors in External Audits”.
• 4421A – Sworn Declaration of the Responsible Partner.
  It should be noted that the submission of Form 4420A – University Professional Associations “Joint Guarantors in External Audits” must be accompanied by the documentation evidencing legal representation, in a single copy, to be used as support for each of the entities to which the same association provides external audit services, without prejudice to attaching simple copies of the aforementioned documentation. To complete the corresponding forms, the models contained in the annex of this communication, available in “pdf” format on the website of the Central Bank of the Argentine Republic (www.bcra.gov.ar), shall be used.

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It is recalled that the aforementioned forms must be submitted to the Audit Control Management of the SEFyC (Superintendence of Financial and Exchange Entities). We salute you very attentively. BANCO CENTRAL DE LA REPUBLICA ARGENTINA Ricardo O. Maero Manager of Informational Regime Guillermo R. Corzo General Manager of Regulation and Informational Regime a/c

ANEXO

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
SUPERINTENDENCE OF FINANCIAL AND EXCHANGE ENTITIES Audit Control Management EXTERNAL AUDITORS’ BACKGROUND C Ó DIG O Entity:
PUBLIC ACCOUNTING FIRM (1)
Name:
Address: Phone:
PERSONAL DATA OF THE DESIGNATED PUBLIC ACCOUNTANT Surname Full Names Civil Document Identity Card Type (2) Number Number Issued by Birth Nationality Date Place Years of residence in the country (3) Address and Phone Private Business Registration with the Federal Administration of Public Revenues C.U.I.T. No. REGISTRATION IN THE PUBLIC ACCOUNTANTS’ ROLL (4) Professional Council of Economic Sciences of: Date of Registration Volume Folio Number Date of appointment in the current entity:
PROFESSIONAL BACKGROUND RELATED TO THE EXTERNAL AUDIT OF FINANCIAL ENTITIES Entity Period Observations (5) The undersigned acts as a joint guarantor, with express waiver of the benefits of division and excussion, of the obligations in the form of fines that may be imposed by the Central Bank of the Argentine Republic on Mr.
(6).................................................................................................... as a result of his performance as responsible partner in (6) (7)....................................................................................
I swear under oath that the data provided in this form is correct, complete, and a faithful expression of the truth. Place and date:
Signature of the declarant Certification of signature (1) - To be completed only in the case of professionals acting on behalf of a Public Accounting Firm. (2) - Indicate as applicable: L.E., L.C. or D.N.I. (3) - To be completed only by those born abroad. (4) - You must detail the Professional Councils of Economic Sciences in which you are registered. (5) - If you have acted on behalf of a public accounting firm, the tasks performed must be stated, and evidence of such performance must be attached. (6) - When the functions of external auditor and responsible partner fall on the same person, this must be completed with the legend “not applicable”. (7) - State the name of the audited entity. Form. 3830A (IV - 2005)

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
SUPERINTENDENCE OF FINANCIAL AND EXCHANGE ENTITIES Audit Control Management SWORN DECLARATION OF EXTERNAL AUDITORS I swear under oath as an External Auditor of the Entity that:

1. I am not a partner or shareholder, director, or administrator of the entity, nor of persons or companies economically linked to it.
2. I do not work in an employment relationship with the entity or with companies economically linked to it.
3. I do not fall under any of the following disqualifications provided for in Article 10 of Law No. 21.526, as detailed below:
   3.1 Those affected by the disqualifications or incompatibilities established by Article 264 of Law No. 19.550, namely:
   3.1.1 Those who cannot engage in commerce.
   3.1.2 Those declared bankrupt due to culpable or fraudulent bankruptcy until ten years after their rehabilitation; those declared bankrupt due to casual bankruptcy or those in receivership until five years after their rehabilitation; directors or administrators of a company whose conduct is qualified as culpable or fraudulent, until ten years after their rehabilitation.
   3.1.3 Those sentenced with the accessory penalty of being disqualified from holding public office; those convicted of theft, robbery, fraud, bribery, issuing bad checks, and crimes against public faith; those convicted of crimes committed in the constitution, operation, and liquidation of companies. In all cases, until ten years after the sentence has been served.
   3.1.4 Public administration officials whose performance relates to the object of the company, until two years after the cessation of their functions.
   3.2 Those disqualified from holding public office.
   3.3 Delinquent debtors of financial entities.
   3.4 Those disqualified from holding current accounts or others that share their nature, until three years after such measure has ceased.
   3.5 Those disqualified by application of subsection 5) of Article 41 of Law No. 21.526, for the duration of their sanction, i.e., to serve as promoters, founders, directors, administrators, members of supervisory boards, auditors, liquidators, managers, auditors, partners, or shareholders of financial entities covered by said Law.
   3.6 Those who, by decision of the competent authority, have been declared responsible for irregularities in the governance and administration of financial entities, and
   3.7 Those who are subject to the incompatibilities for serving as auditors, determined by Article 286, subsections 2) and 3) of Law No. 19.550, which refer respectively to:

• The directors, managers, and employees of the same company or another controlled or controlling company, and
• The spouses, relatives by blood in the direct line, collateral relatives up to the fourth degree inclusive, and relatives by marriage within the second degree, of the directors and general managers.

4. I have not been excluded by the Superintendence of Financial and Exchange Entities from the “Register of Auditors”.
5. I have not been expressly disqualified from practicing the profession by any of the Professional Councils of Economic Sciences in the country.
6. I have the independence required by the current Auditing Standards recognized or established by the Professional Council of Economic Sciences of the jurisdiction corresponding to the legal domicile of the Entity.
7. I have a registration history of five years or more and have three years or more of experience in performing audit tasks in financial entities covering the different subjects subject to verification.
8. I declare that I know and accept that by performing the function of External Auditor of the Entity
   , I am subject to the provisions of Articles 39, 41, and 42 of Law No. 21.526 and regulatory norms.
   Furthermore, I undertake to inform any modification that occurs regarding this within five business days of the occurrence. Place and date:
   Signature of the declarant Certification of Signature Form. 3831A (IV-2005)

APPLICATION FOR REGISTRATION 1
BANCO CENTRAL DE LA REPUBLICA ARGENTINA
SUPERINTENDENCE OF FINANCIAL AND EXCHANGE ENTITIES Audit Control Management REGISTER OF UNIVERSITY PROFESSIONAL ASSOCIATIONS ORIGINAL RECTIFICATION No........(1) Name:
Address: Postal Code: Phone:
REGISTER OF UNIVERSITY PROFESSIONAL ASSOCIATIONS of the Professional Council of Economic Sciences of Vol. Folio Date: / / We request the registration of the audit firm indicated above in the REGISTER OF UNIVERSITY PROFESSIONAL ASSOCIATIONS (Circular CONAU - 1), committing, under the terms of a Sworn Declaration, to communicate to the Superintendence of Financial and Exchange Entities, Audit Control Management, any modification due to the incorporation or withdrawal of any of our partners. The professional firm acts as a joint guarantor, with waiver of the benefits of division and excussion, for any fines applied to any of its members, for the exercise of external audit tasks in financial entities, in accordance with Articles 41 and 42 of the Financial Entities Law for violations of the regulatory regime in force at the time of the events. Below are the details of the partners, for incorporation into the aforementioned register. Place and date:
Legal Representative (2)
Signature and clarification
LIST OF PARTNERS TO BE REGISTERED:
Surname and names:
Identity Document: Type (3): Number:
Registration: Volume: Folio: Signature
Surname and names:
Identity Document: Type (3): Number:
Registration: Volume: Folio: Signature
Surname and names:
Identity Document: Type (3): Number:
Registration: Volume: Folio: Signature
Surname and names:
Identity Document: Type (3): Number:
Registration: Volume: Folio: Signature
Surname and names:
Identity Document: Type (3): Number:
Registration: Volume: Folio: Signature
SIGNATURE CERTIFICATION
Place and date:
Signature and clarification
(1) Mark with “X” the corresponding box. Number rectifications of the original form sequentially. (2) To be completed by who is legally authorized to assume such responsibilities on behalf of the Firm, accrediting such authority with the certified copy by a public notary of the corresponding instrument. (3) Indicate as applicable: L.E., L.C. or D.N.I. Form. 4368A (IV-2005)

APPLICATION FOR REGISTRATION Cont. 2
BANCO CENTRAL DE LA REPUBLICA ARGENTINA
SUPERINTENDENCE OF FINANCIAL AND EXCHANGE ENTITIES Audit Control Management REGISTER OF UNIVERSITY PROFESSIONAL ASSOCIATIONS ORIGINAL RECTIFICATION No........(1) Name:
Address: Postal Code: Phone:
LIST OF PARTNERS TO BE REGISTERED:
Surname and names:
Identity Document: Type (3): Number:
Registration: Volume: Folio: Signature
Surname and names:
Identity Document: Type (3): Number:
Registration: Volume: Folio: Signature
Surname and names:
Identity Document: Type (3): Number:
Registration: Volume: Folio: Signature
Surname and names:
Identity Document: Type (3): Number:
Registration: Volume: Folio: Signature
Surname and names:
Identity Document: Type (3): Number:
Registration: Volume: Folio: Signature
Surname and names:
Identity Document: Type (3): Number:
Registration: Volume: Folio: Signature
Surname and names:
Identity Document: Type (3): Number:
Registration: Volume: Folio: Signature
Surname and names:
Identity Document: Type (3): Number:
Registration: Volume: Folio: Signature
SIGNATURE CERTIFICATION
Place and date:
Signature and clarification
(1) Mark with “X” the corresponding box. Number rectifications of the original form sequentially. (2) To be completed by who is legally authorized to assume such responsibilities on behalf of the Firm, accrediting such authority with the certified copy by a public notary of the corresponding instrument. (3) Indicate as applicable: L.E., L.C. or D.N.I. Form. 4368A (IV-2005)

APPLICATION FOR REGISTRATION Cont. 3
BANCO CENTRAL DE LA REPUBLICA ARGENTINA
SUPERINTENDENCE OF FINANCIAL AND EXCHANGE ENTITIES Audit Control Management REGISTER OF UNIVERSITY PROFESSIONAL ASSOCIATIONS ORIGINAL RECTIFICATION No........(1) Name:
Address: Postal Code: Phone:
LIST OF PARTNERS TO BE REGISTERED:
Surname and names:
Identity Document: Type (3): Number:
Registration: Volume: Folio: Signature
Surname and names:
Identity Document: Type (3): Number:
Registration: Volume: Folio: Signature
Surname and names:
Identity Document: Type (3): Number:
Registration: Volume: Folio: Signature
Surname and names:
Identity Document: Type (3): Number:
Registration: Volume: Folio: Signature
Surname and names:
Identity Document: Type (3): Number:
Registration: Volume: Folio: Signature
Surname and names:
Identity Document: Type (3): Number:
Registration: Volume: Folio: Signature
Surname and names:
Identity Document: Type (3): Number:
Registration: Volume: Folio: Signature
Surname and names:
Identity Document: Type (3): Number:
Registration: Volume: Folio: Signature
SIGNATURE CERTIFICATION
Place and date:
Signature and clarification
(1) Mark with “X” the corresponding box. Number rectifications of the original form sequentially. (2) To be completed by who is legally authorized to assume such responsibilities on behalf of the Firm, accrediting such authority with the certified copy by a public notary of the corresponding instrument. (3) Indicate as applicable: L.E., L.C. or D.N.I. Form. 4368A (IV-2005)

APPLICATION FOR REGISTRATION Cont. 4
BANCO CENTRAL DE LA REPUBLICA ARGENTINA
SUPERINTENDENCE OF FINANCIAL AND EXCHANGE ENTITIES Audit Control Management REGISTER OF UNIVERSITY PROFESSIONAL ASSOCIATIONS ORIGINAL RECTIFICATION No........(1) Name:
Address: Postal Code: Phone:
LIST OF PARTNERS TO BE REGISTERED:
Surname and names:
Identity Document: Type (3): Number:
Registration: Volume: Folio: Signature
Surname and names:
Identity Document: Type (3): Number:
Registration: Volume: Folio: Signature
Surname and names:
Identity Document: Type (3): Number:
Registration: Volume: Folio: Signature
Surname and names:
Identity Document: Type (3): Number:
Registration: Volume: Folio: Signature
Surname and names:
Identity Document: Type (3): Number:
Registration: Volume: Folio: Signature
Surname and names:
Identity Document: Type (3): Number:
Registration: Volume: Folio: Signature
Surname and names:
Identity Document: Type (3): Number:
Registration: Volume: Folio: Signature
Surname and names:
Identity Document: Type (3): Number:
Registration: Volume: Folio: Signature
SIGNATURE CERTIFICATION
Place and date:
Signature and clarification
(1) Mark with “X” the corresponding box. Number rectifications of the original form sequentially. (2) To be completed by who is legally authorized to assume such responsibilities on behalf of the Firm, accrediting such authority with the certified copy by a public notary of the corresponding instrument. (3) Indicate as applicable: L.E., L.C. or D.N.I. Form. 4368A (IV-2005)

APPLICATION FOR REGISTRATION Cont. 5
BANCO CENTRAL DE LA REPUBLICA ARGENTINA
SUPERINTENDENCE OF FINANCIAL AND EXCHANGE ENTITIES Audit Control Management REGISTER OF UNIVERSITY PROFESSIONAL ASSOCIATIONS ORIGINAL RECTIFICATION No........(1) Name:
Address: Postal Code: Phone:
LIST OF PARTNERS TO BE REGISTERED:
Surname and names:
Identity Document: Type (3): Number:
Registration: Volume: Folio: Signature
Surname and names:
Identity Document: Type (3): Number:
Registration: Volume: Folio: Signature
Surname and names:
Identity Document: Type (3): Number:
Registration: Volume: Folio: Signature
Surname and names:
Identity Document: Type (3): Number:
Registration: Volume: Folio: Signature
Surname and names:
Identity Document: Type (3): Number:
Registration: Volume: Folio: Signature
Surname and names:
Identity Document: Type (3): Number:
Registration: Volume: Folio: Signature
Surname and names:
Identity Document: Type (3): Number:
Registration: Volume: Folio: Signature
Surname and names:
Identity Document: Type (3): Number:
Registration: Volume: Folio: Signature
SIGNATURE CERTIFICATION
Place and date:
Signature and clarification
(1) Mark with “X” the corresponding box. Number rectifications of the original form sequentially. (2) To be completed by who is legally authorized to assume such responsibilities on behalf of the Firm, accrediting such authority with the certified copy by a public notary of the corresponding instrument. (3) Indicate as applicable: L.E., L.C. or D.N.I. Form. 4368A (IV-2005)

APPLICATION FOR REGISTRATION Cont. 6
BANCO CENTRAL DE LA REPUBLICA ARGENTINA
SUPERINTENDENCE OF FINANCIAL AND EXCHANGE ENTITIES Audit Control Management REGISTER OF UNIVERSITY PROFESSIONAL ASSOCIATIONS ORIGINAL RECTIFICATION No........(1) Name:
Address: Postal Code: Phone:
LIST OF PARTNERS TO BE REGISTERED:
Surname and names:
Identity Document: Type (3): Number:
Registration: Volume: Folio: Signature
Surname and names:
Identity Document: Type (3): Number:
Registration: Volume: Folio: Signature
Surname and names:
Identity Document: Type (3): Number:
Registration: Volume: Folio: Signature
Surname and names:
Identity Document: Type (3): Number:
Registration: Volume: Folio: Signature
Surname and names:
Identity Document: Type (3): Number:
Registration: Volume: Folio: Signature
Surname and names:
Identity Document: Type (3): Number:
Registration: Volume: Folio: Signature
Surname and names:
Identity Document: Type (3): Number:
Registration: Volume: Folio: Signature
Surname and names:
Identity Document: Type (3): Number:
Registration: Volume: Folio: Signature
SIGNATURE CERTIFICATION
Place and date:
Signature and clarification
(1) Mark with “X” the corresponding box. Number rectifications of the original form sequentially. (2) To be completed by who is legally authorized to assume such responsibilities on behalf of the Firm, accrediting such authority with the certified copy by a public notary of the corresponding instrument. (3) Indicate as applicable: L.E., L.C. or D.N.I. Form. 4368A (IV-2005)

BANCO CENTRAL DE LA REPUBLICA ARGENTINA
SUPERINTENDENCE OF FINANCIAL AND EXCHANGE ENTITIES Audit Control Management BACKGROUND OF THE “RESPONSIBLE PARTNER” ENTITY:
PUBLIC ACCOUNTING FIRM
Name:
Address: Phone:
PERSONAL DATA OF THE DESIGNATED “RESPONSIBLE PARTNER” Surname Full Name National Identity Document Identity Card Type (1) Number Number Issued by Birth Nationality Date Place Years of residence in the country (2) Address and phone Private Business Registration with the Federal Administration of Public Revenues C.U.I.T. No. REGISTRATION IN THE PUBLIC ACCOUNTANTS’ ROLL (3) Professional Council of Economic Sciences of:
Date of
Registration
Volume Folio Number
PROFESSIONAL BACKGROUND RELATED TO THE EXTERNAL AUDIT OF FINANCIAL ENTITIES Entity Period Observations (4) Date of appointment in the current entity:
I assume, before compliance with the norms established by the SEFyC, identical responsibility to Mr..............................................
.......................................................................................designated by the financial entity to perform the external audit of its financial statements, and may be excluded from the Register of auditors, without prejudice to the summary proceedings that may be instituted against me in accordance with Articles 41 and 42 of the Financial Entities Law.
Furthermore, I act as a joint guarantor, with express waiver of the benefits of division and excussion, of the obligations in the form of fines that may be imposed by the Central Bank of the Argentine Republic on Mr. (5)..............................................
........................................................................................................................................... as a result of his performance as external auditor in (5) (6)............................................................................................................
I swear under oath that the data provided in this form is correct, complete, and a faithful expression of the truth. Place and date:
Signature of the declarant Certification of signature Legal Representative / Audit Committee of the entity (7) Signature and clarification (1) - Indicate as applicable: L.E., L.C. or D.N.I. (2) - To be completed only by those born abroad. (3) - You must detail the Professional Councils of Economic Sciences in which you are registered. (4) If you have acted on behalf of a public accounting firm, the tasks performed must be stated, and evidence of such performance must be attached. (5) - When the functions of external auditor and responsible partner fall on the same person, this must be completed with the legend “not applicable”. (6) - State the name of the audited entity. (7) - Intervention of the financial entity in accordance with point 5 of Annex I of the “Minimum Standards for External Audits” C O D I G Form. 4413A (IV-2005)

BANCO CENTRAL DE LA REPUBLICA ARGENTINA
SUPERINTENDENCIA DE ENTIDADES FINANCIERAS Y CAMBIARIAS Gerencia de Control de Auditores PROFESSIONAL ASSOCIATIONS "JOINT LIABILITY GUARANTORS IN EXTERNAL AUDITS" REGISTER OF UNIVERSITY PROFESSIONAL ASSOCIATIONS Professional Council of Economic Sciences of T° F° Date: / / Central Bank of the Republic of Argentina Registry No. Date / / On the ...... day of the month of........................ of the year............, in (1) ........................................................, (2)........................................................................................................................... , represented in this act by (3)............................................................................................................................., according to (4) ......................................................................................................................................attached whose validity is declared in this act, establishing domicile for the purposes of the present in (5)....................................................................................................................................., constitutes itself as a joint liability guarantor, with express waiver of the benefits of division and excussion, of the obligations
that in the concept of fine could be imposed on Mr./Mr.s (6) ...........................................................
..........................................................................................................................................................by the Central Bank of the Republic of Argentina as a consequence of proceedings in which their performance as external auditor/responsible partner, respectively, of financial entities subject to the control of the Central Bank of the Republic of Argentina is evaluated. Legal Representative (7) Signature and clarification CERTIFICATION OF SIGNATURES Place and date:
Signature and clarification
(1) Locality and province.
(2) Name of the society.
(3) Name of the representative, type –indicate L.E., L.C. or D.N.I- and ID number.
(4) Special power of attorney/bylaws or social contract and board of directors or administration council minutes. (5) Corporate domicile. (6) Name, type and ID number. (7) To be completed by whoever is legally authorized to assume such responsibilities on behalf of the firm, proving such authority with a certified copy by a public notary of the corresponding instrument. -To be presented together with Form 4368A for original registration and in each rectification Form 4420A (IV-2005)

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
SUPERINTENDENCIA DE ENTIDADES FINANCIERAS Y CAMBIARIAS Gerencia de Control de Auditores SWORN DECLARATION OF THE RESPONSIBLE PARTNER I declare under oath, as Responsible Partner for the work of the external auditor of the Entity that:

1. I am not a partner or shareholder, director or administrator of the entity, nor of persons or companies economically linked to
   it.
2. I do not work in an employment relationship in the entity nor in companies economically linked to it.
3. I am not subject to any of the following disqualifications provided for in article 10 of Law No. 21.526, as detailed below:
   3.1 Those affected by the disqualifications or incompatibilities established by article 264 of Law No.19.550, namely:
   3.1.1 Those who cannot engage in commerce.
   3.1.2 Those declared bankrupt due to culpable or fraudulent bankruptcy until ten years after their rehabilitation; those declared bankrupt due to casual bankruptcy or those in receivership until five years after their rehabilitation; directors or administrators of a society whose conduct is qualified as culpable or fraudulent, until ten years after their rehabilitation.
   3.1.3 Those sentenced with accessory disqualification from holding public office; those sentenced for theft, robbery,
   defrauding, bribery, issuing bad checks and crimes against public faith; those sentenced for crimes committed in the constitution, functioning and liquidation of societies. In all cases until after ten years of having served the sentence.
   3.1.4 Public administration officials whose performance relates to the object of the society, until two years after the cessation of their functions.
   3.2 Those disqualified from holding public office.
   3.3 Delinquent debtors of financial entities.
   3.4 Those disqualified from being holders of current accounts or others that share their nature, until three years after such measure has ceased.
   3.5 Those disqualified by application of item 5) of article 41 of Law No. 21.526, for the duration of their sanction, that is to act as promoters, founders, directors, administrators, members of supervisory boards, trustees, liquidators, managers, auditors, partners or shareholders of financial entities covered by
   said Law.
   3.6 Those who by decision of a competent authority have been declared responsible for irregularities in the governance and administration of financial entities, and
   3.7 Those who are subject to the incompatibilities determined by article 286, items 2) and 3) of Law No.19.550 for the performance as trustee, which refers respectively to:

• The directors, managers and employees of the same society or of another controlled or controlling society, and
• The spouses, relatives by consanguinity in the direct line, collateral relatives up to the fourth degree inclusive and relatives by affinity within the second degree, of the directors and general managers.

4. I have not been excluded by the Superintendence of Financial and Currency Entities from the "Register of Auditors".
5. I have not been expressly disqualified from practicing the profession by any of the Professional Councils of Economic Sciences of the country.
6. I have the independence required by the current Audit Standards recognized or established by the Professional Council of Economic Sciences of the jurisdiction corresponding to the legal domicile of the Entity.
7. I have a registration age of five years or more and have three years or more of experience, in the performance of audit tasks in financial entities that covered the different subjects subject to verification.
8. I declare that I know and accept that by exercising the function of Responsible Partner of the Entity
   , I am subject to the provisions of articles 39, 41 and 42 of Law No.21.526 and regulatory norms.
   Likewise, I assume the commitment to inform any modification that occurs regarding this within five business days of occurrence. Place and date:
   Signature of the declarant Certification of Signature Form 4421A (X-2005)