Auditors of RoI Credit Unions are required to submit the statutory duty confirmation stipulated by Section 27B of the Credit Union Act 1997 to the Central Bank of Ireland, within one month of the date of the signature of the audit report. By this time all confirmations should be submitted for Credit Unions with year end 30 September 2010.
Auditors are also required to submit the final Management Letter under Section 27C of the Credit Union Act 1997, on the date that the original is provided to the client. Please refer to M46 in CHARIOT for guidance on the format of reporting and to previous correspondence from the Central Bank in September 2010. Failure to submit these reports is an offence under section 27G of the Central Bank Act 1997.