Regulatory Alerts2021-01-01
Decision No. 192 of 2021 Amending Decision No. 3 of 2021 on Reorganizing Registration, Continued Registration, and Delisting Controls for Auditors with the Authority
The Financial Regulatory Authority's Board of Directors Decision No. 192 of 2021 amends Decision No. 3 of 2021, which reorganizes registration, continued registration, and delisting controls in the Register of Auditors. It modifies Article Ten to specify voting majorities for measures taken by the Audit Quality Control Unit against non-compliant auditors and requires approval from the Head of the Authority and subsequent Board adoption. Additionally, a new Article Three bis is added, outlining specific conditions for individuals with prior financial statement auditing experience to register in the first section of the Register, including 15 years of experience, registration with the Ministry of Finance, and membership in the Syndicate of Commercial Professions.