Regulatory Alerts2015-12-04
Regulation No. 18/2015/BCC/DSBR on the Approval of Statutory Auditors
The Governor of the Central Bank of the Comoros issued Regulation No. 18/2015/BCC/DSBR to establish the rules for the approval of statutory auditors for financial institutions under Law No. 13-003/AU. The regulation mandates that auditors must be approved by the Central Bank, with applications submitted at least three months prior to taking office or renewal. It further requires auditors to adhere to OHADA standards, submit annual mission letters and final reports in French, and immediately report any disputes or dismissals to the Central Bank.
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