Each Bank shall appoint one or more External Auditors, and determine their fees. The Board of Directors is responsible for nominating and Contracting with a highly qualified and specialized independent External Auditor, in addition to determining his/her salary after the General Assembly's approval has been obtained, and QCB's requirements have been fulfilled. The Board of Directors should set the instructions and controls, and have policies and procedures to enable the External Auditor to access the information, data and documents necessary for auditing, whether through the Executive Management or the Board of Directors. Subsequently, the External Auditor should be neutral and independent when concluding the auditing results, according to Article No. (141) of the Commercial Companies Qatar Law No. 5/2002, and its Amendments.

QCB's non-objection is a must to obtain, in order to appoint the External Auditor, or extend his/her contract duration, before the Board of Directors nominates him/her in the General Assembly, in case of national Banks, or the head office, in case of foreign Banks.