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blue-check Amendments to regulations on audit of internal control system of banks

Circular No. 24/2021/TT-NHNN dated December 31st, 2021 of the State Bank on amendments to some Articles of Circular No. 39/2011/TT-NHNNstatus2 dated December 15. 2011 of the Governor of the State Bank on independent audit of credit institutions and foreign bank branches
Posted: 5/1/2022 8:37:59 AM | Latest updated: 3/3/2022 8:06:02 AM (GMT+7) | LuatVietnam: 5370 | Vietlaw: 545
VietlawOnline

According to the amendments at this Circular, with regard to the internal control system of banks, audit shall cover:

- Audit of internal mechanisms, policies, processes and regulations of banks in accordance with applicable laws;

- Audit of making and presenting financial statement;

- Audit of contents of internal assessment of capital adequacy of banks according to regulations of laws.

Other regulations are also amended at this Circular such as: returning the audit results to the State Bank upon receiving the audit report that has qualified opinion; conditions on auditing organizations; submission of a written notice of the selected independent audit organization to the State Bank, etc.

This Circular takes effect from April 15th, 2022.

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Effective Date 15-Apr-2022
ExpiredDate Unknown
Published Vietlaw's Newsletter No. 545
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