In forceAs enactedCurrent version · As enactedSee versions on Attorney General's Chambers(opens the publisher’s site)
Brunei Darussalam Central Bank Order, 2010 (Formerly Known as Autoriti Monetari Brunei Darussalam Order) · As enacted · Part III
Brunei Darussalam Central Bank Order, 2010 (Formerly Known as Autoriti Monetari Brunei Darussalam Order) · As enacted · Part III
Official textFrom Attorney General's Chambers, unchanged
The Authority shall establish an Audit Committee.
The members of the Audit Committee shall consist of at least 2 external persons with extensive professional experience and of at least one of the directors not being the chairman, the deputy chairman or the managing director.
managing director
"managing director" means the director appointed to be the managing director under section 13(1);
At least one member of the Audit Committee shall be a person with extensive professional experience in the fields of accounting or auditing.
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!4)
The responsibility of the Audit Committee shall include -
(a} oversight of the internal audit function;
recommendations on appointment of the external auditors, the scope of external audits and other services;
{c) providing the opportunity for the auditors to meet and discuss findings; and
reviewing with the external auditors the end of year financial statements.
[5)
The Authority shall determine the further responsibilities and conditions of the Audit Committee.
The Audit Committee shall periodically report to the Authority.
Subject to this Order and to any directions given by the Authority in that behalf, the Audit Committee may regulate its own procedure.
managing director
"managing director" means the director appointed to be the managing director under section 13(1);
Part VI
Part VIII