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  Versions
(1 version)
 
Aug 21 2014 onwards

AUD A1.1.1



Whole Section PDF

The definitive version of DFSA handbook text is the PDF version as that is the text of the instrument as made and published by the DFSA.

To view past versions of this module in PDF format, please visit the Archive.

In producing a Regulatory Returns Auditor's ReportG for a Domestic FirmG , an AuditorG must state whether:

(a) it has received all the necessary information and explanations for the purposes of preparing the report to the DFSAG ;
(b) the Authorised Person'sG regulatory returns, specified in PIBG , PING or AMIG , to the DFSAG have been properly reconciled with the appropriate audited financial statements;
(c) the Authorised PersonG 's regulatory returns, specified in PIBG , PING or AMIG , submitted to the DFSAG on a quarterly basis have been properly reconciled with the appropriate annual returns;
(d) the Authorised Person'sG financial resources as at its financial year end have been properly calculated in accordance with the applicable Rules in PIBG , PING or AMIG (as the case may be) and are sufficient to meet the relevant requirements;
(e) (in the case of an Authorised FirmG other than an InsurerG ) the Capital ResourcesG have been calculated in accordance with the applicable Rules in PIBG ;
(f) (in the case of an Authorised FirmG other than an Insurer) the Capital ResourcesG maintained exceed the Capital RequirementG in accordance with the applicable Rules in PIBG ;
(g) (in the case of an Authorised FirmG ) the regulatory returns specified in PIBG or PING have been properly prepared by the Authorised FirmG in accordance with the applicable rules in PIBG or PING ;
(h) (in the case of an Authorised FirmG ) the Authorised FirmG has kept proper Accounting RecordsG in accordance with the applicable Rules in PIBG or PING ;
(i) (in the case of an Authorised FirmG which is subject to Expenditure Based Capital MinimumG ) the Expenditure Based Capital MinimumG has been calculated in accordance with the applicable Rules in PIBG ; and
(j) (in the case of an Authorised FirmG in Category 3B, 3C or 4, and which is subject to Expenditure Based Capital MinimumG ) the Capital RequirementG maintained exceeds its Expenditure Based Capital MinimumG and has been maintained in the form of liquid assets in accordance with the applicable Rules in PIBG .
Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]