Basel Committee issues consultative paper on banks' internal audit and supervisors' relations with internal and external auditors

The final paper Internal audit in banks and the supervisor's relationship with auditors was published on 28 August 2001.

Notes to editors

Basel Committee on Banking Supervision

The Basel Committee on Banking Supervision is a committee of banking supervisory authorities which was established by the central bank Governors of the Group of Ten countries in 1975. It consists of senior representatives of bank supervisory authorities and central banks of Belgium, Canada, France, Germany, Italy, Japan, Luxembourg, the Netherlands, Sweden, Switzerland, the United Kingdom and the United States. Its current chairman is William J McDonough, President and Chief Executive Officer of the Federal Reserve Bank of New York. The Committee usually meets at the Bank for International Settlements (BIS) in Basel, where its permanent Secretariat is located.

Task Force on Accounting Issues

The Basel Committee's Task Force on Accounting Issues has the lead responsibility in the Committee's consideration of accounting and auditing issues. It is chaired by Prof Dr Arnold Schilder, Executive Director of the Netherlands Bank, and comprises accounting experts from the different Basel Committee member institutions.

Where can I obtain the full consultative paper?

The text of the consultative paper published today can be obtained from the BIS website (www.bis.org) as from 09:00 CET on 26 July 2000. It is also available from the Basel Committee's Secretariat at the BIS.