Regulatory Alerts2014-01-01
Decision No. 50 of 2014 Regulating the Quality Control Unit for Registered Accountants
The Financial Regulatory Authority issued Decision No. 50 of 2014 to formally establish and regulate a dedicated quality control unit for registered accountants. The decision mandates the unit to systematically monitor, evaluate, and ensure compliance with professional standards in all audit and accounting services performed by these professionals. It outlines the operational framework, reporting obligations, and supervisory mechanisms necessary to maintain market integrity and protect public interest in financial reporting.
Share