What are the conditions for an accounting firm to hold a license for auditing and reviewing financial statements for certain entities?
The accounting firm must be subject to the provisions of clause (1) of this Article and any other conditions set forth in the laws applicable in the State. Additionally, the firm must be assigned by banks, insurance companies, investment companies for the account of others, and public joint-stock companies. The firm is required to hold a license for a minimum period of (5) five years.