Regulatory Alerts2009-01-01
Decree No. 5 of 2009 Regarding the Engagement of Supervised Companies with Registered Accountants
The Financial Regulatory Authority issued Decree No. 5 of 2009 to require all supervised companies to contract with accountants registered in the Authority's official register. This mandate standardizes audit engagements and ensures that financial reporting adheres to strict regulatory oversight standards. Non-compliant entities must promptly engage qualified registered professionals or face enforcement actions.
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