RegAlert2023-04-20 | Resolução CMN 5067Added
CMN Resolution No. 5,067 of April 20, 2023, Amending CMN Resolution No. 4,910 of May 27, 2021, Regarding Independent Audit Services for Financial Institutions
CMN Resolution No. 5,067 amends CMN Resolution No. 4,910 to impose new independence documentation requirements on independent auditors, mandate audit committee compliance for prudential conglomerate institutions, and extend audit documentation retention to at least five years. It exempts certain institutions from establishing independent audit committees if their leading institution has one, updates auditor reporting obligations for interim financial statements, and revokes specific provisions of the previous resolution. The resolution enters into force on May 1, 2023, with statutory adaptations required for audit committee members appointed before December 31, 2024.
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Resolution
CMN RESOLUTION NO. 5,067, OF APRIL 20, 2023
Amends CMN Resolution No. 4,910, of May 27, 2021, which provides for the provision of independent audit services by financial institutions and other institutions authorized to operate by the Central Bank of Brazil.
The Central Bank of Brazil, in accordance with Article 9 of Law No. 4,595, of December 31, 1964, makes public that the National Monetary Council, in a session held on April 20, 2023, based on Articles 4, items VIII and XII, and 10, item XI, of the aforementioned Law, and Article 1, paragraph 1, of Complementary Law No. 130, of April 17, 2009,
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Lineage: In force
Source: Banco Central do Brasil — 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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