In a draft circular, the BSP said it considers the external auditing profession as a partner in promoting the safety and soundness of BSP-supervised financial institutions (BSFI).
"External auditors, through the conduct of audits and opinions rendered on audited financial statements, contribute to enhancing corporate governance and empowering the public and investors to make informed financial decisions," it said.
Thus, the BSP will amend relevant sections of the Manual of Regulations for Banks and Non-Bank Financial Institutions, pursuant to Republic Act 8791 or the General Banking Law of 2000, as amended.
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Sara moves to terminate fund misuse probe
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Marcos: Cough, cold won't slow me down
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Former PS-DBM exec in Pharmally mess nabbed
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Qualified trafficking raps filed vs Alice Guo
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Outstanding public servants cited
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