The development puts the process for admitting forensic audit firms to bank panels under closer scrutiny. The supplied report says banks are strengthening that selection framework, with lenders also expected to examine it further. It does not set out the specific eligibility conditions that may change.

Two audit firms have been removed from the list used for Agencies for Specialised Monitoring. This is the concrete action identified in the report alongside the broader tightening of auditor selection. The firms have not been named in the supplied material, and the nature of the Enforcement Directorate’s observations has not been stated.

The immediate focus is therefore on which audit firms qualify for selection, rather than on any new requirement for bank customers. However, the report does not explain how the revised framework will operate, when changes will take effect or whether existing audit assignments will be affected. Those details remain unstated in the available account.