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Rule · CBJ · 2 Mar 2016

Circular Regarding Reliance on Audited Financial Statements for Customers in Credit Decisions No. 10/1/1271 dated 25/1/2016

credit

Licensed banks are required to obtain verification from the Jordan Institute of Certified Public Accountants confirming the authenticity of the statutory auditor's signature on customers' financial statements. This mandate supplements previous directives requiring the use of financial data audited by a legal auditor for credit decisions. The requirement applies to all licensed banks when making credit decisions.

JordanCentral Bank of Jordan

In the Name of Allah, the Most Gracious, the Most Merciful

Central Bank of Jordan Logo

Number: 1271/110
Date: 15/4/1437 AH
Corresponding Date: 25/1/2016 AD

Circular to Licensed Banks

Greetings,

Further to our Circular No. (14233/1/10) dated 18/11/2015 regarding the necessity for banks to rely on financial statements audited by a legal auditor when making credit decisions, I reaffirm the necessity for you to obtain verification from the Jordan Institute of Certified Public Accountants confirming the validity of the statutory auditor's signature on the financial statements of customers.

Please accept our highest regards,

The Governor
Dr. Ziad Friez

  • Copy: The Honorable Jordan Institute of Certified Public Accountants
    P.O. Box: (927267) - Jordan (11190)

P.O. Box 37 • Amman 11118 Jordan • Phone 4630301 • Fax 4638889, 4638634 • Website: www.cbj.gov.jo • Email: info@cbj.gov.jo

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Source: Central Bank of Jordan — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

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