Regulatory Alerts2009-01-01
Board of Directors Decision No. 50 of 2009 Regarding Registration, Continuation, and Deletion Criteria for Auditors in the Authority's Register
The Capital Market Authority's Board of Directors issued Decision No. 50 of 2009 to establish operational procedures for its Quality Control Unit overseeing registered auditors. The decision mandates the Unit to investigate complaints, audit professional practices, summon auditors for inquiries, access relevant records, and deploy inspectors to verify compliance with quality standards. It further imposes strict confidentiality obligations on Unit staff and stipulates that the decision takes effect the day after its publication on April 29, 2009.
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