+Guidelines on communication between competent authorities and auditors (EBA/GL/2016/05)
---+1. Compliance and reporting obligations
------+Status of these guidelines
---------+1. This document contains guidelines issued pursuant to Article 16 of Regulation (EU) No 1093/2010 …
---------+2. Guidelines set the EBA view of appropriate supervisory practices within the European System of …
------+Reporting requirements
---------+3. According to Article 16(3) of Regulation (EU) No 1093/2010, competent authorities must notify …
---------+4. Notifications will be published on the EBA website, in line with Article 16(3).
---+2. Subject matter, scope of application, addressees and definitions
------+2.1 Subject matter
---------+5. These guidelines specify, in accordance with Article 12(2) of Regulation (EU) No 537/2014 , the …
---------+6. The objective of these guidelines is the facilitation of the task of supervision of credit …
------+2.2 Scope of application
---------+7. These guidelines apply in relation to the communication between competent authorities and …
---------+8. These guidelines refer in particular to the communication between the competent authority and …
---------+9. These guidelines are without prejudice to the auditor’s ‘duty to report’, set out in Article …
------+2.3 Addressees
---------+10. These guidelines are addressed to competent authorities as defined in point (i) of Article 4(2) …
------+2.4 Definitions
---------+11. Unless otherwise specified, the terms used and defined in Directive 2006/43/EC , Regulation …
---+3. Implementation
------+Date of application
---------+12. These guidelines apply from 31 March 2017.
---+4. General framework of the communication between competent authorities and auditors
------+13. Competent authorities and auditors are both responsible for establishing effective …
------+14. The communication to be established between competent authorities and auditors should be open …
------+15. Competent authorities and auditors should establish adequate processes and be aware of them in …
------+16. Competent authorities and auditors should contribute to developing a mutual understanding of …
------+17. The parties should discharge their respective responsibilities and one party should not use the …
------+18. Effective communication between competent authorities and auditors should facilitate the …
------+19. Any information shared during the communication between competent authorities and auditors is …
------+20. Competent authorities should apply a proportionate approach in their communication with …
------+21. A proportionate approach to the application of these guidelines aims to align the elements of …
------+22. In particular, in-depth communication should be held with auditors of credit institutions …
------+23. In addition, competent authorities should assess on an on-going basis whether it is necessary …
---+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 …
---+6. Communication between competent authorities and auditors collectively
------+49. Competent authorities and auditors collectively (such as a group of auditors or a professional …
------+50. Competent authorities should meet with auditors collectively at least annually and irrespective …
------+51. Communication could take place during any phase of the supervisory processes or the audit …
------+52. The Annex to these guidelines provides a non-exhaustive list of areas and issues on which …
------+53. If in the competent authority’s judgement it could facilitate the exercise of supervisory …
---+Annex – Areas and issues for the communication between competent authorities and auditors
------+54. This Annex provides a non-exhaustive list of areas and issues on which information could be …
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Guidelines on communication between competent authorities and auditors (EBA/GL/2016/05)

Guidelines on communication between competent authorities and auditors (EBA/GL/2016/05)

https://www.eba.europa.eu/guidelines-communication-between-competent-authorities-and-auditors – PDF

1. Översikt

,
1. Compliance and reporting obligations

1. Compliance and reporting obligations
2. Subject matter, scope of application, addressees and definitions

2. Subject matter, scope of application, addressees and definitions
3. Implementation

3. Implementation
4. General framework of the communication between competent authorities and auditors

4. General framework of the communication between competent authorities and auditors
5. Communication between competent authorities and auditors of a credit institution

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

Principle 7: Communication between competent authorities and auditors collectively should be as frequent as necessary to ensure timely sharing of information on issues which are relevant to the supervisory tasks and the statutory audit of credit institutions.
Annex – Areas and issues for the communication between competent authorities and auditors

Annex – Areas and issues for the communication between competent authorities and auditors

1.1 Referenser

1.2 Identifierade krav

1.3 Relaterade standarder

2. Identifierade krav

Krav

3. Relaterade standarder

Standarder

Länkade ärenden

Länkar
is related to Imported: Guidelines on communication between competent authorities and auditors (2017-03-31-85da705105-1652)
is related to Assignments added: Guidelines on communication between competent authorities and auditors (2017-03-31-85da705105-1652) – 9 links
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