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Section 62
Audit

(1) A bank or a financial institution shall prepare its balance sheet, profit and loss account, and other annual financial statements in accordance with the format and manner prescribed by the National Bank, and shall conduct an external audit within four months of the end of the financial year. At least two directors, chief executives and auditors must be correct in such financial statements. However, the audit of the branch office of a foreign bank or financial institution that conducts banking and financial transactions with the approval of the National Bank shall be as prescribed by the National Bank. (2) Within the period under subsection (1) If a bank or financial institution that is unable to conduct an audit requests for an extension of the deadline for conducting an audit due to reasonable reasons, the National Bank may extend the period by a maximum of two months.