Regulatory Alerts2004-01-01
Decision No. 008 of 2004 on the Professional Conduct Standard for Accountant Independence under IOSCO Principles
The Financial Regulatory Authority issued Decision No. 008 of 2004 to establish a professional conduct standard governing the independence of accountants. This regulation mandates that audit professionals adhere to specific independence criteria aligned with International Organization of Securities Commissions principles. Compliance ensures transparent financial reporting and strengthens market confidence by mitigating conflicts of interest in audit engagements.
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