SUP 3.7 Notification of matters raised by auditor
Application
SUP 3.7 does not apply to an incoming Treaty firm which does not have a top-up permission.
Notification
A firm should consider whether it should notify the FSA under Principle 11 if:
- (1)
the firm expects or knows its auditor will qualify his report on the audited annual financial statements or add an explanatory paragraph; or
- (2)
the firm receives a written communication from its auditor commenting on internal controls (see also SUP 15.3).