In carrying out prudential supervision, DNB makes use of reports of supervised institutions. These are provided with opinions and statements of an auditor and an actuary. The person issuing an opinion or statement generally has detailed knowledge of the supervised institution. Given their background the auditor and the actuary have knowledge and experience of assessing the institution under supervision. The expertise and trustworthiness of the auditor and actuary are, therefore, of great importance to DNB.
DNB may conceivably consider an auditor or actuary to be insufficiently equipped to issue the opinions and statements referred to in the legislation. This may occur, for example, on account of the increasing scale and complexity of the institution. In such a case, DNB may contact the auditor or actuary directly and prohibit him from issuing any further opinion or statement. Such a direction is always addressed to an individual auditor or actuary and not to a firm of auditors or actuaries.