Regulatory Alerts2023-02-07
Added · Updated
Guidelines Criteria for Auditors
The Financial Services Commission of Jamaica issued these guidelines to establish suitability criteria for auditors of regulated entities in the securities, insurance, pensions, and trust sectors. The document mandates that appointed auditors must be licensed public accountants in good standing, possess relevant professional experience, and maintain independence, objectivity, and rigorous quality assurance systems. Specific competency requirements include internationally recognized qualifications for signing partners and defined experience thresholds for auditing pension plans and other complex regulated entities.
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