RegAlert
2021-08-20 | Resolução BCB 130

Added

Resolution BCB No. 130 — Independent Audit Services for Institutions Regulated by the Central Bank of Brazil

Resolution BCB No. 130 establishes the rules for independent audit services and reporting procedures for institutions required to use the Cosif Accounting Standard, as defined in Resolution BCB No. 92. It mandates the rotation of audit team leaders every five consecutive fiscal years with a mandatory three-year cooling-off period. The resolution sets strict independence criteria for auditors, including ownership and financial relationship prohibitions, and defines the composition and mandatory establishment of audit committees for specific regulated entities.

Banco Central do Brasil logo

Brazil

Banco Central do Brasil

Scan of the document's first page
Share

BCB published 15 documents in the last 30 days — get each new one by email the day it lands.

Resolution No. 130

RESOLUTION

BCB No. 130, OF AUGUST 20, 2021

Provides for the provision of independent audit services for consortium administrators and payment institutions authorized to operate by the Central Bank of Brazil and establishes specific procedures for the preparation of reports resulting from independent audit work carried out in financial institutions and other institutions authorized to operate by the Central Bank of Brazil.

Provides for the provision of independent audit services for consortium administrators, payment institutions, securities brokerage companies, securities distribution companies, and foreign exchange brokerage companies authorized to operate by the Central Bank of Brazil and establishes specific procedures for the preparation of reports resulting from independent audit work carried out in financial institutions and other institutions authorized to operate by the Central Bank of Brazil.(Wording given, from 1/6/2023, by BCB Resolution No. 318, of 5/10/2023.)

Read the rest free, and get an email when BCB publishes again

Lineage: Amended

Lei n.º 4.595, de 31 de dezembr…1964Law No. 11.795 dated 2008-10-08not in RegAlertLaw No. 12.865 dated 2013-10-09not in RegAlertCircular No. 3.192 dated 2003-0…not in RegAlertCircular No. 3.404 dated 2008-0…not in RegAlertCircular No. 3.467 dated 2009-0…not in RegAlertCircular No. 3.470 dated 2009-1…not in RegAlertCircular No. 3.482 dated 2010-0…not in RegAlertResolution BCB No. 130 —Independent Audit Services fo…2021-08-20 · this documentBCB Resolution No. 318 — Amends…2023BCB Resolution No. 553 of March…2026Central Bank of Brazil Instruct…2024Normative Instruction BCB No. 7…2026
amendssupersedesissued underrefers toproposed or not in RegAlertarrows run from the older text to the one that changes it

Timeline

Amended 2 times · last 2026-03-03

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

More like this from BCB

BCB published 15 documents in the last 30 days. We email you each new one the day it's published.

Topics
governance