2016-11-03
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The Central Bank of Jordan mandates that licensed banks must have their annual and semi-annual financial statements audited in accordance with International Financial Reporting Standards and applicable instructions, including the disclosure of the responsible auditor's name, license number, classification category, and position. The Central Bank will refuse to accept financial statements for the current year and onwards unless they bear this required audit approval. This requirement applies to all licensed banks and their appointed external auditors.
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No.: 14955
Date: 18/5/2013 AH
Corresponding to: 18/5/2013 AD
Greetings,
With the aim of completing the preparation of banks' financial statements in a timely manner, and subsequently to our circular No. (11141/1/10) dated 12/11/2007 concerning banks' financial statements, we reiterate what was stated in our circular No. (12728/1/10) dated 11/10/2009, regarding the necessity of having your external auditors approve your final and semi-annual financial statements in accordance with the standards and in compliance with the requirements of International Financial Reporting Standards and the instructions in force on this matter. This includes stating the name of the responsible auditor, their license number, classification category, and position, in accordance with the requirements of all Jordanian Certified Public Accountants.
Accordingly, the Central Bank of Jordan will not, starting from your final financial statements for the current year, accept such statements unless they are approved as stated above.
Please accept our highest respect,
The Governor
Dr. Ziad Faris
Copy: Auditors / Messrs. Deloitte & Touche (Middle East) - Jordan, Respected. P.O. Box: (248) Amman (11118)
Copy: Auditors / Messrs. Ernst & Young, Respected.
P.O. Box: (1140) Amman (11118)
Copy: Auditors / Messrs. Al-Qawasmi & Partners (KPMG), Respected. P.O. Box: (930071) Amman (11193)
Copy: Auditors / Messrs. PricewaterhouseCoopers (Jordan), Respected. P.O. Box: (5175) Amman (11183)
Website: www.cbj.gov.jo • E-mail: info@cbj.gov.jo • Fax: 4668883, 4668472, 4668471 • Phone: 466-2001 • P.O. Box: 67 Amman 11118 - Jordan
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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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