Regulatory Alerts2020-01-17 | https://aifc.kz/legal-framework/aifc-auditor-rules/AIFC Auditor Rules
The Abu Dhabi Global Market Financial Services Regulatory Authority issued the AIFC Auditor Rules to regulate the registration, conduct, and oversight of auditors and audit principals within the jurisdiction. The rules mandate that auditors obtain licenses and registrations, maintain professional indemnity insurance, and adhere to international auditing standards and core ethical principles. Enforcement mechanisms include the suspension or withdrawal of licenses and registrations for breaches, with the Registrar of Companies acting on the Authority's instructions to manage the official registers.
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