108. Where competent authorities use services of external consultants or auditors to carry out …

Where competent authorities use services of external consultants or auditors to carry out their supervisory plan, some parts of the plan or a specific supervisory task, they should always ensure that these external parties:

• a) have sufficient knowledge and skills to carry out the specific supervisory tasks for which they are engaged by competent authorities;
• b) have a clear understanding of regulatory expectations and the scope of work they are required to carry out;
• c) have access to specific guidance that clearly sets out the terms of their involvement, as well as any processes that they are required to follow as part of their engagement;
• d) keep sufficient records detailing the steps they have taken to carry the required tasks and explaining the rationale for their conclusions and findings;
• e) carry out the required tasks to a high-quality standard. This may involve competent authorities reviewing other work carried out by the external party or participating in some of the activities carried out by them on behalf of the competent authority;
• f) declare any potential conflicts of interest and, if it transpires that conflicts of interest exist, competent authorities should ensure that they are adequately managed and resolved. Where it is not possible to resolve the conflicts of interest, competent authorities should refuse or terminate the engagement with the specific external party.

1. Přehled

1.1 Odkazy

1.2 Identifikované požadavky

1.3 Související standardy

2. Identifikované požadavky

3. Související standardy

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