Form B-2 Application for Approval of Change of Auditors

Summary

Form B-2 is the application a BVI Financial Services Commission regulated person must submit to obtain approval for changing its auditor, but only where the incoming auditor is already approved by the Commission. If the proposed new auditor has not previously been approved, Form B-1 must be used instead.

• Applicant details: Name of the regulated person and its company licence number
• Type of regulated person: Indicate whether the entity is engaged in Banking, Insurance, Investment Business, Fiduciary Services, or Other (specify), plus any specific licence class or category
• Auditor change details: Name and address of the former auditor and of the auditor to be appointed
• Reasons for change: A statement explaining why the auditor is being changed
• Verification: Signature, printed name, capacity (on behalf of whom), and date

The form also contains a section reserved for internal FSC use, recording date received, the officer processing it, date considered, and whether the application is approved, denied, or deferred.

Key obligations

• A regulated person changing its auditor to one already approved by the Commission must submit Form B-2 to seek the Commission's approval for the change
• The applicant must provide details of the former auditor and the auditor to be appointed, including names and addresses
• The applicant must state the type of regulated person and, if applicable, specific licence class or category
• The applicant must give reasons for the change of auditor
• The application must be signed and dated by an authorised person on behalf of the regulated person

Applies to

Banking, Insurance, Investment Business, Fiduciary Services, regulated persons licensed by the BVI Financial Services Commission