Regulatory Alerts2021-08-21
Public Notice on Audit of Annual Financial Statements of Issuers of Public Securities and SEC Licensed Firms
The Ghana Securities and Exchange Commission mandates that issuers of public securities and licensed firms must secure written regulatory approval prior to appointing auditors for their annual financial statements. Pursuant to Section 197(3) of the Securities Industry Act, 2016 (Act 929), all appointed auditors must be registered with the Commission, and the regulator will reject any 2021 audited reports that fail to meet these statutory requirements. Market participants are directed to immediately review the Act and the 2020 Auditors Guidelines to ensure full compliance and preserve the credibility of capital market disclosures.
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