SIB/64/2026 – EXTERNAL AUDITOR OF AN INSURANCE COMPANY March 25, 2026

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The National Bank of Ethiopia has issued Directive No. SIB/64/2026, which outlines the requirements for the appointment and supervision of external auditors of insurance companies in Ethiopia, aiming to ensure the accuracy and reliability of financial statements and enhance market discipline and public confidence. The directive sets out guidelines for the selection, appointment, and approval of external auditors, as well as their responsibilities and reporting requirements.