What are the rules for appointing auditors and the standards for auditing the financial statements of Regulated Entities?
The rules for appointing auditors and the standards for auditing the financial statements of Regulated Entities are governed by the Federal Law decreed in 2023 by the Emirates Accountability Authority. The appointment of auditors takes into account the legislation of subsidiaries in the financial markets within the State and subsidiaries established outside the State, as well as the requirements of the legislation governing the government financial system.