|Type:||Policies, Strategies, and Plans|
ADB administration and governance
Pursuant to Section 15 of the By-Laws of the Asian Development Bank, the accounts of ADB shall be audited at least once a year by an Outside Auditor of international reputation selected by the Board of Directors. According to the Terms of Reference of the Audit Committee of the Board (ACB), the ACB shall "advise the Board of Directors on the appointment of the Outside Auditor and consider any questions of the Outside Auditor's resignation and dismissal". This document outlines the principles for the selection of the Outside Auditor.