BCBS guidelines on the external audits of banks

The Basel Committee on Banking Supervision has published guidelines concerning the external audits of banks: see here (pdf). The guidelines cover two core areas: the audit committee's responsibilities in overseeing the external audit function; and the prudential supervisor's relationship with the external auditors and audit oversight body.

The guidelines replace two existing publications: The relationship between banking supervisors and banks' external auditors and External audit quality and banking supervision.