Regulatory Alerts2023-02-07
Added · Updated
Guidelines on the Appointment of Auditors by Service Providers
The Financial Services Commission of Jamaica issued these guidelines to mandate that licensed trust and corporate services providers appoint independent auditors who meet specific professional and independence criteria. Licensees are required to submit audited financial statements annually and notify the regulator of any auditor appointments, resignations, or removals within five working days. The document further establishes strict duties for service providers to facilitate audits and defines the mandatory content of auditor reports to ensure compliance with international standards.
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