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G. External and Internal Audit Arrangements

Date(g): 1/12/2018 | Date(h): 23/3/1440 Status: In-Force

Effective from Jan 13 2019 - Jan 12 2019
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25.Applicants must demonstrate to SAMA that arrangements have been established with external auditors in accordance with the requirements of the BCL and other relevant laws and regulations.
 
26.Applicants are required to satisfy SAMA on the adequacy of proposed internal audit arrangements and requirements as set out in SAMA’s Principles of Corporate Governance for Banks Operating in Saudi Arabia.