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Banking, Insurance and Life Insurance (prudential standard) determination No. 4 of 2016
Routine reportsRoutine reports
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Routine reports
- The responsibilities of the Appointed Auditor include reporting simultaneously (subject to paragraph 23) to APRA and the Board or Board Audit Committee of the Level 3 Head, within three months of the end of the financial year of the Level 3 Head[2], on:
(a) matters relating to APRA data collections; and
(b) internal controls at a Level 3 basis,
as referred to in paragraph 27. For this purpose, ‘APRA data collections’ means any data collected in accordance with FSCODA.
- An Appointed Auditor’s responsibilities must specifically include reporting as follows: