Regulatory Alerts2020-03-24
Decree No. 20-043/PR Promulgating Law No. 19-08/AU on the Professions of Chartered Accountant, Statutory Auditor, and Approved Accountant
The President of the Union of the Comores issued Decree No. 20-043/PR to promulgate Law No. 19-08/AU, which regulates the liberal accounting professions of chartered accountant, statutory auditor, and approved accountant. The legislation establishes the specific conditions and modalities required for individuals or legal entities to exercise these professions for their own account. It defines the scope of these roles and sets the criteria that practitioners must meet to operate legally within the Union of the Comores.
UNION OF THE COMOROS
Unity - Solidarity - Development
President of the Union Moroni, 11 MAR 2020
DECREE No. 20-043/PR Promulgating Law No. 19-08/AU of June 25, 2019, concerning the professions of Chartered Accountant, Statutory Auditor, and Approved Accountant in the Union of the Comoros.
THE PRESIDENT OF THE UNION,
HAVING REGARD TO the Constitution of the Union of the Comoros of December 23, 2001, revised by the referendum of July 30, 2018, particularly Article 64;
HEREBY DECREES:
ARTICLE 1: Law No. 19-08/AU, concerning the professions of Chartered Accountant, Statutory Auditor, and Approved Accountant in the Union of the Comoros, adopted on June 25, 2019, by the Assembly of the Union of the Comoros, the text of which follows, is hereby promulgated:
« CHAPTER ONE - GENERAL PROVISIONS
Article 1: The purpose of this law is to determine the conditions and modalities for the exercise of the liberal accounting professions:
- Chartered Accountant,
- Statutory Auditor,
- Approved Accountant.
Article 2: Any natural or legal person may exercise, for their own account, under any denomination whatsoever, the profession of Chartered Accountant, Statutory Auditor, or the profession of Approved Accountant, provided they meet the conditions and criteria provided for by this law.
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