1. Regulatory Updates: What the CPAs should know

2. Basel Core Principles for Effective Banking Supervision Principle 10 – Supervisory Reporting Principle 26 – Internal Control and Audit Principle 27 – Financial Reporting and External Audit Principle 28 – Disclosure and Transparency

3. CPAs are among the key players in the supervision process Management, financial, and prudential reports Prudential reports and industry statistics Financial performance and industry statistics

4. Supervisors and the Profession are partners in promoting the safety and soundness of banks and the banking system

5. Fit and proper criteria Qualification requirements Membership composition requirements of board- level committees BSP Issuances

6. Internal control and internal audit standards External auditor selection requirements Expectations from an effective external audit function BSP Issuances

7. Evolving international standards Changing regulatory and business landscape/environment

8. Remain relevant and Faithful to the values of the profession

10. Regulatory Updates: What the CPAs should know