Regulatory Alerts2003-11-06
Added · Updated
Supervisory Policy Manual IC-3: Reporting Requirements for Authorized Institutions' External Auditors under the Banking Ordinance
The Hong Kong Monetary Authority issued Supervisory Policy Manual IC-3 to establish reporting requirements for authorized institutions regarding their external auditors under the Banking Ordinance. This policy mandates specific disclosures and communications between authorized institutions and their external auditors to ensure robust internal controls and regulatory compliance. The guidelines apply to all authorized institutions and aim to enhance the effectiveness of external audit functions within the banking sector.
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