Regulatory Alerts2025-02-20
Guidelines on the Electronic Submission of Application for Inclusion in the List of Selected External Auditors for BSFIs
The Bangko Sentral ng Pilipinas issued Memorandum No. M-2025-005 to mandate that external auditors electronically submit applications for inclusion in the List of Selected External Auditors for BSP-Supervised Financial Institutions. The guidelines require applicants to use prescribed data-entry forms and adhere to specific email subject line and filename formats when transmitting documents to the central bank. Additionally, the document outlines the pre-evaluation screening process, communication protocols, and mandatory declarations regarding qualifications and ethical compliance for audit firms and individual practitioners.
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