Malaysia Islamic Banks – Guidelines on Appointment of External Auditors – An Overview and Summary of Requirements

• By: Staff Editor
• Date: April 10, 2013

Malaysia released these guidelines to help clearly set out the role and responsibility of the board of directors of Islamic banks in appointing external auditors. The guidelines apply to all Islamic banks licensed under the Islamic Banking Act (IBA). They supersede the circular dated 8 August 2003, titled “Pelantikan Juruaudit Luar menurut Seksyen 17 Akta Bank Islam 1983”. This article provides a brief overview of the regulatory requirements included in the guidelines.