Regulatory Alerts2006-01-01
Decision No. 140 of 2006 on Quality Control Standards for Auditing and Limited Examination
The Financial Regulatory Authority issued Decision No. 140 of 2006 to establish a mandatory quality control standard for institutions and individuals performing financial and historical information audits. The regulation requires all auditors and limited examination practitioners to implement standardized internal procedures that guarantee reporting accuracy and consistency. It further enforces continuous compliance monitoring and periodic external reviews to ensure ongoing adherence to these auditing benchmarks.
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