Regulatory Alerts2018-07-30
Added · Updated
Circular dated July 29, 2018 regarding conducting external evaluations of internal audit
The Central Bank of Egypt requires all banks to conduct an external evaluation of their internal audit function at least once every five years using qualified and independent external review teams. Banks must notify the Central Bank of the reviewing entity and scope prior to the assessment and submit the evaluation report, including corrective action plans, by October 31, 2018. Banks that have already conducted such an evaluation within the last two years must submit their evaluation report and the status of their corrective action plan implementation.
More like this from CBE
CBE published 2 documents in the last 30 days. We email you each new one the day it's published.
Topics
Share