+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 …

5. Communication between competent authorities and auditors of a credit institution

5. Communication between competent authorities and auditors of a credit institution

1. Przegląd

,
Scope of the information shared

Principle 1: The information shared should be relevant to the tasks of both parties considering the materiality of the information.
Form of communication

Principle 4: Effective communication between competent authorities and auditors should be established through appropriate communication channels.
Participants in the communication

Principle 5: The participants in the communication should include knowledgeable, informed and empowered individuals from both parties.
Frequency and timing of communication

Principle 6: Communication between competent authorities and auditors should be as frequent as necessary to ensure timely sharing of relevant information.

1.1 Odwołania

1.2 Zidentyfikowane wymagania

1.3 Powiązane normy

2. Zidentyfikowane wymagania

Wymagania

3. Powiązane normy

Normy
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