External Auditors must promptly report to the Central Bank violations of the Central Bank Law, regulations, instructions and any Matters of Significance arising from their audit of the Bank. External Auditors making such reports in good faith shall not be considered to have breached any of their obligations.
Banks must promptly notify the Central Bank in case of resignation of their External Auditor and the reasons thereof, as well as obtain the no-objection from the Central Bank in case of their dismissal or change. Divergence of opinions between the Bank and its External Auditor cannot be ground for dismissal.