This Regulation and Standards replace all Articles of the following previous Central Bank Circulars and Notices with respect to financial reporting and external audit:
Circular No 74 dated November 17 1981, External Auditors of Banks;
Circular No 321 dated 24 January 1985, Name of the External Auditor to be provided to Central Bank before holding of AGM by the Local Banks;
Circular No 348 dated 14 August 1985, Cooperation between the Bank's External Auditors and Central Bank;
Circular Letter No BSD/908/85 dated 29 October 1985, External Auditors of Banks - Further clarifications to Circular No. 321 of 24/01/1985 and Circular No. 74 of 17/11/1981;
Circular No 375 dated 13 February 1986, To provide the names of at least three Audit firms;
Circular No 445 dated 15 June 1987, Annual accounts - Approval for Publication, Profit distribution/repatriation - No national Banks to distribute profits and No Foreign Banks to repatriate their profits without prior approval of the Central Bank;
Circular No 466 dated 29 October 1987, External Auditors Report;
Circular No 20/99 dated 25 January 1999, Adoption of International Accounting Standards (IAS);
Notice No 1312/2008 dated 10 March 2008, Islamic Products/Investments - Accounting Treatment; and
Notice No 9278/2011 dated 22 December 2011, Provisioning and Preparation of Annual Accounts.
Book traversal links for Article (8): Cancellation of Previous Notices