Islamic Financial Services Act 2013 · Updated to 2 Jan 2025 · Part VI · Prudential Requirements
78. Duties of auditor
Official textFrom Laws of Malaysia Online, unchanged
An auditor appointed under this Division shall—
carry out an audit of the business, affairs and books of the institution;
submit a report of such audit to the members of the institution and the Bank;
submit any additional information as may be specified by the Bank relating to the audit conducted under paragraph (a);
expand or extend the scope of the audit conducted under paragraph (a) within such time, in such manner or to such extent as may be specified by the Bank; or
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carry out any specific assessment of the business, affairs and books of the institution as may be specified by the Bank and submit a report to the Bank on such assessment.
The remuneration and expenses of the auditor relating to any expanded or extended scope of audit under paragraph (1)(d) or any specific assessment under paragraph (1)(e) shall be borne by the institution.
Any audit carried out under subsection (1) shall be in accordance with generally accepted auditing standards applicable in
Malaysia.
Part VII
Ownership, Control and Transfer of Business
Part VIII
Financial Groups
Part VI
Part VI—
Part IX
Business Conduct and Consumer Protection
Part X
Islamic Money Market and Islamic Foreign Exchange Market
Part XI
Submission of Document or Information
Part XII
Examination
Part XIII
Directions of Compliance
Part XIV
Intervention and Remedial Action
Part XV
Other Powers of Bank
Part XVI
Enforcement and Penalties
Part XVII
General Provisions
Part XVIII