Regulatory Alerts2021-07-02
Added · Updated
Regulations on Requirements for External Auditors of Licensed Persons in the Securities Market
The State Committee for Securities of the Republic of Azerbaijan issued Resolution No. 11-q to establish regulatory requirements for external auditors of investment companies, stock exchanges, clearing houses, and investment fund depositories. The regulations mandate that auditors hold valid licenses, maintain strict independence from audited entities, and employ at least two specialists with international accounting degrees and three years of experience. Furthermore, the document outlines specific threats to auditor independence and requires audited entities to verify auditor credentials and manage auditor replacements within one month before the end of the financial year.
Topics
Share