The Relationship between Banking Supervisors and Banks' External Auditors

Briefing 30-06-2016

The briefing prepared by the Economic Governance Support Unit sketches the different roles that banking supervisors and banks' external auditors fulfil, outlines the need and extent to which they currently exchange information, and explains why in future they shall establish a more formal effective dialogue. Responsibilities for the enforcement of accounting rules and the review of accounting rules are briefly set out as well.