Regulatory Alerts2020-01-01
Decision No. 165 of 2020 of the Board of Directors of the Financial Regulatory Authority Amending Decision No. 109 of 2020
The Financial Regulatory Authority issued Decision No. 165 of 2020 to amend Decision No. 109 of 2020 regarding auditor registration and rotation rules. The amendment introduces a transitional provision allowing an auditor who maintains a professional partnership with a replaced auditor to continue auditing the same company for up to six years from the effective date of Decision No. 109 of 2020. The decision was approved by the Board of Directors on October 28, 2020, and takes effect the day after its publication in The Official Gazette and on the Authority’s website.
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