Regulatory Alerts2026-01-01
Added · Updated
SBP-DR-CIRCULAR-2026-0001: General Audit Plan and Special Reports - Agreement No. 4-2010 on External Audit of Banks
The Superintendency of Banks of Panama issued Circular SBP-DR-CIRCULAR-2026-0001 to establish specific submission timelines and documentation requirements for banks under Agreement No. 4-2010. Banks must transmit the approved General Audit Plan within five business days of Audit Committee approval and submit special reports, management letters, representation letters, and audit difference sheets within three months of the fiscal year-end. These documents must be filed via the TIDSO digital system in PDF format starting January 1, 2026, with mandatory signatures from approving authorities.
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