Regulatory Alerts2018-04-26 | DOF 5520812Added
Resolution modifying the general provisions applicable to general warehouse companies, exchange houses, credit unions, and regulated multiple-object financial societies
The resolution amends the general provisions for general warehouse companies, exchange houses, credit unions, and regulated multiple-object financial societies by derogating the chapter on independent external auditors and transferring those requirements to a separate normative body. It specifically updates credit union rules by mandating that audit committee members possess expertise in accounting, auditing, and internal control, and must act transparently and independently. The text also adjusts reporting deadlines for consolidated financial statements and clarifies the internal audit committee's composition and oversight duties. These changes take effect on August 1, 2018.
More like this from SHCP
SHCP published 14 documents in the last 30 days. We email you each new one the day it's published.