+5. Communication between competent authorities and auditors of a credit institution
---+Scope of the information shared
------+24. Competent authorities should identify in collaboration with auditors the areas of common …
------+25. When considering what information to share, due consideration should be given to the …
------+26. The type of information to be shared may be: a. institution-specific b. industry-specific c. …
------+27. The Annex to these guidelines provides a non-exhaustive list of areas and issues on which …
------+28. To assist effective communication and sharing of information, and when practicable, competent …
------+29. The information requested may include information related to the audit procedures performed …
------+30. Relevant information is information and knowledge obtained in the statutory audit and related …
------+31. Where in-depth communication is applied, competent authorities should discuss with auditors, at …
------+32. Relevant information which should be shared between competent authorities and auditors includes …
------+33. Relevant information is information and knowledge emerging during the process of supervision …
------+34. In addition, competent authorities may communicate to auditors any current or emerging issues …
---+Form of communication
------+35. The form of communication can be broadly categorised as: written (for example email or fax) …
------+36. Written communication should be used in cases when there is a need to ensure clarity or for …
------+37. Physical meetings between competent authorities and auditors should be held to facilitate open …
---+Participants in the communication
------+38. The supervisory team leader and the key audit partner should be the primary participants in the …
------+39. In cases when the communication occurs between individuals other than the supervisory team …
------+40. Competent authorities should assess the usefulness of organising trilateral meetings, in …
------+41. When trilateral meetings are organised, they should be in addition to any bilateral meetings. …
------+42. If in the competent authority’s judgement it would facilitate the exercise of supervisory …
------+43. Effective communication between competent authorities and auditors should include adequate …
---+Frequency and timing of communication
------+44. Competent authorities should establish an appropriate frequency and timing of communication …
------+45. Competent authorities should consult auditors on the appropriateness of the frequency and …
------+46. Communication could take place during any phase of the supervisory processes or the audit …
------+47. Competent authorities should assess on an on-going basis whether there are any emerging issues …
------+48. When in-depth communication is applied, a bilateral meeting should be held at least on an …
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5. Communication between competent authorities and auditors of a credit institution
5. Communication between competent authorities and auditors of a credit institution
1. Ħarsa ġenerali
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Regolamentazzjoni |
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Scope of the information shared
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Principle 1: The information shared should be relevant to the tasks of both parties considering the materiality of the information.
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Form of communication
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Principle 4: Effective communication between competent authorities and auditors should be established through appropriate communication channels.
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Participants in the communication
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Principle 5: The participants in the communication should include knowledgeable, informed and empowered individuals from both parties.
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Frequency and timing of communication
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Principle 6: Communication between competent authorities and auditors should be as frequent as necessary to ensure timely sharing of relevant information.
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1.1 Referenzi
1.2 Rekwiżiti identifikati
1.3 Standards relatati
2. Rekwiżiti identifikati
3. Standards relatati
- EBA - Published by the European Banking Authority at https://www.eba.europa.eu/
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