Regulatory Alerts2018-06-15 | NRP-16Added · Updated
Technical Standards for the Registration of External Auditors of Financial System Members
The Central Reserve Bank of El Salvador establishes minimum requirements for external auditors to register with the Financial System Superintendence, categorizing them for banks and financial conglomerates or other financial system members. Applicants must demonstrate professional experience of at least five years for banks or three years for other entities, maintain a minimum evaluation score of 65 points, and adhere to strict independence and integrity criteria. The standards define a two-year validity period for bank auditors, mandate renewal applications 120 days prior to expiration, and allow for reincorporation two years after cancellation.
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