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                    [Title] => BSP requires audit firms to report irregularities to minimize bank fraud
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) plans to require all accredited audit firms to report irregularities directly to monetary authorities to minimize bank fraud. 


The Monetary Board, the policy-making body of the BSP, is scheduled to discuss the proposed policy this month as the BSP continues to tighten its preventive measures against fraud involving banks. 


"What we want is that we will be advised of any major negative findings in the course of their audit," BSP Deputy Governor Alberto V. Reyes said yesterday.


                    [DatePublished] => 2003-04-30 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
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BOCALING AND ASSOCIATES AND CONCHITA L

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                    [Title] => BSP requires audit firms to report irregularities to minimize bank fraud
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) plans to require all accredited audit firms to report irregularities directly to monetary authorities to minimize bank fraud. 


The Monetary Board, the policy-making body of the BSP, is scheduled to discuss the proposed policy this month as the BSP continues to tighten its preventive measures against fraud involving banks. 


"What we want is that we will be advised of any major negative findings in the course of their audit," BSP Deputy Governor Alberto V. Reyes said yesterday.


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BSP requires audit firms to report irregularities to minimize bank fraud

By Des Ferriols | April 30, 2003 - 12:00am

The Bangko Sentral ng Pilipinas (BSP) plans to require all accredited audit firms to report irregularities directly to monetary authorities to minimize bank fraud. The Monetary Board, the policy-making body of...

Business