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  • Part 2 Registered Auditors and Audit Principals

    • AUD 2 Registration

      • AUD 2.1 Application

        • AUD 2.1.1

          This chapter applies to every:

          (a) applicant for registration as a Registered AuditorG ;
          (b) Registered AuditorG ;
          (c) individual applying for registration as an Audit PrincipalG ; and
          (d) Audit PrincipalG .
          Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

      • AUD 2.2 Registration of Registered Auditors

        • Application for registration

          • AUD 2.2.1

            An applicant for registration as a Registered AuditorG must complete and submit the appropriate form in AFN to the DFSAG , supported by such additional material as may be required by the DFSAG .

            Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

            • AUD 2.2.1 Guidance

              1. A PersonG who may apply to be a Registered AuditorG includes a natural person.
              2. Applicants for registration as a Registered AuditorG are required to pay fees as prescribed in FER.
              Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

        • Criteria for registration

          • AUD 2.2.2

            In assessing an application for registration, the DFSAG may:

            (a) make any enquiries which it considers appropriate, including enquiries independent of the applicant;
            (b) require the applicant to provide additional information;
            (c) require the applicant to provide information on how it intends to ensure compliance with a particular requirement in a Rule or the Regulatory LawG ;
            (d) require any information provided by the applicant to be verified in any way that the DFSAG specifies; and
            (e) take into account any information which it considers relevant.
            Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

          • AUD 2.2.3

            (1) An applicant for registration as a Registered AuditorG must be able to demonstrate to the DFSA'sG satisfaction that it:
            (a) is fit and proper;
            (b) has professional indemnity insurance as required under section 4.3;
            (c) has adequate systems, procedures and controls to ensure due compliance with:
            (i) the International Standards on AuditingG ;
            (ii) the International Standards on Quality ControlG ; and
            (iii) the Code of Ethics for Professional AccountantsG ;
            (d) has clear and comprehensive policies and procedures relating to compliance with all applicable legal requirements, including those in the Regulatory LawG , AUDG , AMLG and other relevant modules of the RulebookG , when providing audit services to a Domestic FirmG , Public Listed CompanyG or Domestic FundG ;
            (e) has adequate means to implement those policies and procedures and monitor that they are operating effectively and as intended;
            (f) is controlled by a majority of individuals who hold Recognised Professional Qualifications;
            (g) has identified at least one or more appropriate individuals, who will be appointed by it to undertake the responsibilities of an Audit PrincipalG ; and
            (h) has complied with any other requirement specified by the DFSAG .
            (2) For the purposes of (1)(f) "majority" means:
            (a) where under the Registered AuditorG 's constitution matters are decided on by the exercise of voting rights, a majority of the rights to vote on all, or substantially all, matters; or
            (b) in any other case a majority of the PersonsG having rights under the constitution of the Registered AuditorG to enable them to direct its overall policy or alter its constitution.
            (3) For the purposes of assessing whether an applicant for registration meets the fit and proper requirement under (1)(a), the DFSAG may consider:
            (a) the application and submissions;
            (b) its background and history;
            (c) its ownership and GroupG structure;
            (d) its resources, including human and technological;
            (e) whether the applicant's affairs are likely to be conducted and managed in a sound and prudent manner; and
            (f) any other matter considered relevant by the DFSAG .
            (4) The DFSAG will in assessing the matters in (1) and (3) consider the cumulative effect of factors which, if taken individually, may be regarded as insufficient to give reasonable cause to doubt the fitness and propriety of an applicant.
            Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

            • AUD 2.2.3 Guidance

              Under Article 98 of the Regulatory LawG , the DFSAG may grant or refuse to grant registration and impose restrictions and conditions upon the registration.

              Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

      • AUD 2.3 Continuing obligations of Registered Auditors

        • AUD 2.3.1

          To remain registered, a Registered AuditorG must comply on a continuing basis with:

          (a) the International Standards on AuditingG , International Standards on Quality ControlG and the Code of Ethics for Professional AccountantsG ;
          (b) the registration criteria in Rule 2.2.3(1); and
          (c) the Rules in chapter 6 regarding the conduct of audits and the preparation of audit reports.
          Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

        • AUD 2.3.2

          A Registered AuditorG must at all times have at least one individual appointed by it to undertake the responsibilities of an Audit PrincipalG .

          Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

        • AUD 2.3.3

          The DFSA may require a Registered AuditorG which has not recently conducted any audit work under its registration to provide other examples of audit work it has carried out in order to demonstrate to the DFSAG that it is still able to meet its continuing obligations.

          Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

          • AUD 2.3.3 Guidance

            The DFSAG may issue guidelines in the form of Practice Notes to assist Registered AuditorsG in applying the standards set out in Rule 2.3.1(a). These Practice NotesG will highlight new emerging or otherwise relevant circumstances to assist a Registered AuditorG in applying the relevant standard. Practice Notes will be published on the DFSAG website.

            Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

      • AUD 2.4 Registration of Audit Principals

        • AUD 2.4 Guidance

          The general responsibilities of an Audit PrincipalG are defined in Article 97(c) of the Regulatory LawG .

          Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

        • Application for registration

          • AUD 2.4.1

            When applying for registration as an Audit PrincipalG , both the relevant individual and the Registered AuditorG must complete and submit the appropriate form in AFN, supported by such additional materials as may be required by the DFSAG .

            Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

        • Criteria for registration

          • AUD 2.4.2

            An individual applying for registration as an Audit PrincipalG must be able to demonstrate to the DFSA'sG satisfaction that he:

            (a) holds a Recognised Professional Qualification;
            (b) is a member in good standing of a Recognised Professional BodyG ;
            (c) has at least 5 years of relevant post qualification audit experience in the past 7 years, including at least one year of experience in a managerial role supervising and finalising audits; and
            (d) is fit and proper to conduct audit work.
            Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

      • AUD 2.5 Continuing obligations of Audit Principals

        • AUD 2.5.1

          To remain registered, an Audit PrincipalG must comply on a continuing basis with:

          (a) the registration criteria in Rule 2.4.2; and
          (b) the PrinciplesG in section 2.6.
          Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

      • AUD 2.6 Principles for Audit Principals

        • AUD 2.6.1

          The five PrinciplesG set out in this section apply to every Audit PrincipalG .

          Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

          • AUD 2.6.1 Guidance

            1. These PrinciplesG are derived from the fundamental principles published in the Code of Ethics for Professional AccountantsG .
            2. If an Audit PrincipalG breaches a PrincipleG , the DFSAG may consider suspending or withdrawing the registration of the Audit PrincipalG on that basis.
            Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

        • Principle 1 — Integrity

          • AUD 2.6.2

            An Audit PrincipalG must be straightforward and honest in all professional and business relationships.

            Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

        • Principle 2 — Objectivity

          • AUD 2.6.3

            An Audit PrincipalG must not allow bias, conflict of interest or the undue influence of others to override professional or business judgements.

            Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

        • Principle 3 — Professional competence and due care

          • AUD 2.6.4

            An Audit PrincipalG must maintain professional knowledge and skill at the level required to ensure that a client or employer receives competent professional services based on current developments in practice, legislation and techniques and must act diligently and in accordance with applicable technical and professional standards.

            Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

        • Principle 4 — Confidentiality

          • AUD 2.6.5

            An Audit PrincipalG must respect the confidentiality of information acquired as a result of professional and business relationships and, therefore, not disclose any such information to third parties without proper and specific authority, unless there is a legal or professional right or duty to disclose, nor use the information for the personal advantage of the Audit PrincipalG or third parties.

            Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

        • Principle 5 — Relations with the DFSA

          • AUD 2.6.6

            An Audit PrincipalG must deal with the DFSAG in an open and co-operative manner and must promptly disclose to the DFSAG any information of which the DFSAG would reasonably expect to be notified.

            Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

      • AUD 2.7 Transitional and Saving Provisions

        • AUD 2.7.1

          In this section:

          (a) "previous Law" means the Regulatory LawG as it was in force immediately before the commencement of the DIFC Laws Amendment Law No. 1 of 2014;
          (b) "current Law" means the provisions of the Regulatory LawG that came into force under the DIFC Laws Amendment Law No. 1 of 2014; and
          (c) "the commencement" means the commencement of the current LawG .
          Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

        • AUD 2.7.2

          A PersonG who immediately before the commencement was registered as an AuditorG by the DFSAG under the previous Law is deemed on the commencement to be registered as a Registered AuditorG under the current Law.

          Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

        • AUD 2.7.3

          A PersonG who immediately before the commencement was appointed as an Audit PrincipalG by a Registered AuditorG under the previous Law is deemed on the commencement to be registered as an Audit PrincipalG under the current Law.

          Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

        • AUD 2.7.4

          An Audit PrincipalG referred to in Rule 2.7.3 must submit the appropriate form in AFN (notification of intention to continue to undertake the responsibilities of an Audit PrincipalG for a Registered AuditorG ) within 60 days of the commencement.

          Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

        • AUD 2.7.5

          A Registered AuditorG and an Audit PrincipalG referred to in this section must continue to maintain any records which were required to be maintained under the previous Law for the period of time required under the previous Law.

          Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

    • AUD 3 Suspension and Withdrawal of Registration

      • AUD 3.1 Application

        • AUD 3.1.1

          This chapter applies to every:

          (a) Registered AuditorG ; and
          (b) Audit PrincipalG .
          Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

      • AUD 3.2 Suspension and withdrawal of registration of a Registered Auditor

        • AUD 3.2 Guidance

          1. Under Article 98A(1) of the Regulatory LawG the DFSAG may suspend or withdraw the registration of a Registered AuditorG or Audit PrincipalG on its own initiative or at the request of the Registered AuditorG or Audit PrincipalG .
          2. Article 98A(2) of the Regulatory LawG sets out the circumstances in which the DFSAG may suspend or withdraw the registration of a Registered AuditorG or Audit PrincipalG .
          3. Under Article 98A(5) of the Regulatory LawG , the DFSAG may temporarily suspend the registration of a Registered AuditorG or Audit PrincipalG pending completion of an investigation against the AuditorG or Audit PrincipalG . The DFSAG may only exercise this power where, arising from the investigation, it reasonably believes that the PersonG has engaged in serious misconduct that may form grounds for withdrawal of the Person'sG registration. This might be, for example, where there is evidence of fraud, theft or other dishonest conduct or a risk to Client AssetsG . As the investigation is ongoing, the DFSAG would ordinarily expect not to publicise a temporary suspension under this power. But the DFSAG retains discretion to publicise such a suspension in an individual case if it is appropriate to do so given the particular circumstances.
          4. Under Article 98A(7) of the Regulatory LawG , a Registered AuditorG or Audit PrincipalG may refer a decision of the DFSAG to suspend or withdraw its registration to the FMTG . The DFSAG decision to suspend or withdraw registration remains in force until the review is concluded and the FMTG makes a further order, unless the FMTG has made an interim order to stay the decision.
          5. Under Article 98A(3) of the Regulatory LawG the DFSAG may make Rules containing requirements a Registered AuditorG or Audit PrincipalG must meet before the DFSAG will grant a request by the Registered AuditorG or Audit PrincipalG to withdraw registration.
          6. An application by a Registered AuditorG or Audit PrincipalG to withdraw their registration does not in itself result in a withdrawal of the registration. Until the DFSAG withdraws the registration, the Registered AuditorG or Audit PrincipalG remains subject to, and must comply with, the Regulatory LawG , Rules and any other relevant legislation administered by the DFSAG .
          Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

        • Suspension or withdrawal of registration on the DFSA's initiative

          • AUD 3.2.1

            A Registered AuditorG that has had its registration suspended by the DFSAG , must not:

            (a) accept any new audit client who is a Relevant PersonG ;
            (b) agree to being re-appointed by an existing audit client who is a Relevant PersonG ; or
            (c) issue an audit report relating to a Relevant PersonG without the prior written consent of the DFSAG .
            Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

          • AUD 3.2.2

            If the DFSAG suspends the registration of a Registered AuditorG , it may impose such:

            (a) conditions on the Registered AuditorG as it sees fit during the period of the suspension; and
            (b) requirements on the procedure for lifting the suspension as it considers appropriate.
            Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

        • Requirements for withdrawal of registration at the request of the Registered Auditor

          • AUD 3.2.3

            (1) A request for withdrawal of registration by a Registered AuditorG must be made by completing and submitting the appropriate form in AFN.
            (2) Before granting a request for withdrawal the DFSAG must first be satisfied that:
            (a) the Registered AuditorG has made appropriate arrangements with respect to its existing audit clients who are Relevant PersonsG ; and
            (b) any other matter which the DFSAG would reasonably expect to be resolved has been resolved.
            Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

          • AUD 3.2.4

            Once a Registered AuditorG has filed a request to withdraw its registration, it must not accept any appointment or re-appointment as a Registered AuditorG or issue any audit reports in relation to a Relevant PersonG without obtaining the prior written consent of the DFSAG .

            Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

      • AUD 3.3 Suspension or withdrawal of an Audit Principal

        • Suspension or withdrawal of registration on the DFSA's initiative

          • AUD 3.3.1

            An Audit PrincipalG that has had his registration suspended by the DFSAG must not in respect of a Relevant PersonG :

            (a) manage the conduct of any audit work undertaken by a Registered AuditorG ; or
            (b) sign any audit report, or other report required by the DFSAG , on behalf of the Registered AuditorG .
            Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

          • AUD 3.3.2

            If the DFSAG suspends the registration of an Audit PrincipalG , it may impose such:

            (a) conditions on the Audit PrincipalG and Registered AuditorG as it sees fit during the period of the suspension; and
            (b) requirements on the procedure for lifting the suspension as it considers appropriate.
            Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

        • Requirements for withdrawal of registration at the request of the Audit Principal or their Registered Auditor

          • AUD 3.3.3

            (1) A request for withdrawal of an Audit PrincipalG 's registration by the relevant Registered AuditorG or Audit PrincipalG must be made by completing and submitting the appropriate form in AFN.
            (2) Before granting a request for withdrawal the DFSAG must first be satisfied that:
            (a) the Registered AuditorG is able to continue to comply with Rule 2.3.2;
            (b) the Registered AuditorG has made appropriate arrangements with respect to its existing audit clients who are Relevant PersonsG ; and
            (c) any other matter which the DFSAG would reasonably expect to be resolved has been resolved.
            Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

    • AUD 4 General Obligations

      • AUD 4.1 Application

        • AUD 4.1.1

          This chapter applies to every Registered AuditorG .

          Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

      • AUD 4.2 Employees' suitability and continuing professional development

        • AUD 4.2.1

          (1) A Registered AuditorG must ensure that all EmployeesG , including its Audit PrincipalsG , engaged in audit work for Relevant PersonsG :
          (a) remain fit and proper to carry out their role; and
          (b) undertake continuing professional development in accordance with the requirements of:
          (i) the Recognised Professional BodyG of which the EmployeeG is a member;
          (ii) any applicable internal standards of the Registered AuditorG ; and
          (iii) any direction given by the DFSAG .
          (2) A Registered AuditorG must maintain records of continuing professional development undertaken by EmployeesG , including its Audit PrincipalsG .
          Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

      • AUD 4.3 Professional indemnity insurance

        • AUD 4.3.1

          (1) A Registered AuditorG must at all times hold adequate and appropriate professional indemnity insurance which covers all types of civil liability arising in connection with the conduct of the Registered AuditorG 's business by EmployeesG , including its Audit PrincipalsG .
          (2) A Registered AuditorG must arrange to hold appropriate run off cover that covers a period of 2 years after its registration as a Registered AuditorG is withdrawn.
          Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

        • AUD 4.3.2

          A Registered AuditorG must, annually, provide to the DFSAG information relating to the Registered AuditorG 's professional indemnity insurance policy, including the terms and duration of, and any claims made under, the policy.

          Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

        • AUD 4.3.3

          A Registered AuditorG must maintain proper records and all relevant information relating to:

          (a) its professional indemnity insurance, including the terms of cover and its duration;
          (b) how it established the adequacy and appropriateness of the cover for the purposes of Rule 4.3.1(1); and
          (c) insurance claims made under its professional indemnity insurance policy.
          Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

        • AUD 4.3.4

          A Registered AuditorG must, upon a request by the DFSAG , provide to the DFSAG promptly the information referred to in Rule 4.3.3.

          Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

      • AUD 4.4 Working Papers

        • AUD 4.4.1

          A Registered AuditorG must, subject to Rule 4.4.2, maintain sufficient Working PapersG to:

          (a) facilitate the proper performance of its functions and duties under these Rules; and
          (b) be able to demonstrate to the DFSAG that it properly performed its functions and duties under these Rules.
          Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

        • AUD 4.4.2

          If a Registered AuditorG :

          (a) provides Audit ServicesG to a Relevant PersonG which is part of a GroupG ; and
          (b) in providing those Audit ServicesG , relies on Working PapersG relating to the GroupG or to another member of the GroupG , including Working PapersG prepared by another auditor,

          it is not required to maintain a copy of the Working PapersG referred to in (b) but must ensure that a copy of those Working PapersG is readily accessible to it.

          Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

          • AUD 4.4.2 Guidance

            A Registered AuditorG should be aware that the requirement in Rule 4.4.2 extends to a GroupG or member of a GroupG , whether inside or outside the DIFCG .

            Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

        • AUD 4.4.3

          A Registered AuditorG must, upon request by the DFSAG , provide to the DFSAG promptly copies of Working PapersG referred to in Rule 4.4.1 and Rule 4.4.2.

          Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

      • AUD 4.5 Records

        • AUD 4.5.1

          (1) A Registered AuditorG must maintain the records referred to in this chapter for a period of at least 6 years. In the case of the Working PapersG referred to in Rule 4.4.1 or 4.4.2, those records must be kept or be accessible (as the case may be) for a period of 6 years from the date of completion of each audit carried out.
          (2) The records, however stored, must be capable of production in English on paper and within a reasonable period not exceeding 3 business days if requested by the DFSAG .
          Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

      • AUD 4.6 Notification of changes and events

        • AUD 4.6 Guidance

          1. This section sets out Rules on specific events, changes or circumstances that require notification to the DFSAG and outlines the process and requirements for notifications.
          2. A Registered AuditorG should be aware that it will breach Article 66 of the Regulatory LawG if it provides information to the DFSAG which is false, misleading or deceptive, or conceals information where the concealment of such information is likely to mislead or deceive the DFSAG .
          Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

        • Changes in core information

          • AUD 4.6.1

            A Registered AuditorG must provide the DFSAG with reasonable advance notice of any change in:

            (a) the Registered Auditor'sG name;
            (b) any business or trading name under which the Registered AuditorG carries on its business;
            (c) the legal nature of the Registered AuditorG ;
            (d) the address of the Registered Auditor'sG principal place of business in the DIFCG , where applicable;
            (e) (in the case of a BranchG ) its registered office or head office address;
            (f) the details of any other branches or offices of the Registered AuditorG ;
            (g) the details of any affiliated offices, associations or networks; and
            (h) its Audit PrincipalsG .
            Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

        • Events having a regulatory impact

          • AUD 4.6.2

            A Registered AuditorG must notify the DFSAG immediately if it becomes aware, or has reasonable grounds to believe, that any of the following matters may have occurred or may be about to occur:

            (a) the Registered AuditorG fails to satisfy the fit and proper requirements in Rule 2.2.3 or its continuing obligations in section 2.3;
            (b) any of its Audit PrincipalsG no longer meets the registration criteria in Rule 2.4.2;
            (c) any of its Audit PrincipalsG fails to comply with his obligations under DFSAG administered legislation;
            (d) any claim is made against the Registered AuditorG relating to the provision of Audit ServicesG , including but not limited to, a claim lodged against the Registered Auditor'sG professional indemnity insurance policy;
            (e) the Registered AuditorG or any of its EmployeesG , including its Audit PrincipalsG , breaches a Rule;
            (f) the Registered AuditorG or any of its EmployeesG , including its Audit PrincipalsG , breaches any requirement imposed by any applicable law relating to the provision of Audit ServicesG ; or
            (g) there is a significant failure in the Registered Auditor'sG systems or controls.
            Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

        • Action by other regulators

          • AUD 4.6.3

            A Registered AuditorG must notify the DFSAG immediately of:

            (a) the grant or refusal of any application for, or revocation of, authorisation of the Registered AuditorG to carry on audit services in any jurisdiction outside the DIFCG ;
            (b) the Registered AuditorG becoming aware that a government or other regulatory body (including a self-regulatory body) exercising powers and performing functions related to the regulation of auditors has started an investigation into the conduct of the Registered AuditorG or of any of its Audit PrincipalsG ;
            (c) the appointment of inspectors, however named, by a governmental or other regulatory body (including a self-regulatory body) exercising powers and performing functions related to the regulation of auditors, to investigate the affairs of the Registered AuditorG or any of its Audit PrincipalsG ; or
            (d) the imposition of disciplinary measures or sanctions on the Registered AuditorG or any of its Audit PrincipalsG in relation to its conduct of audit work by a government or other regulatory body exercising powers and performing functions related to the regulation of auditors.
            Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

            • AUD 4.6.3 Guidance

              The notification requirement in Rule 4.6.3(b) extends to investigations relating to any EmployeeG provided the conduct investigated relates to or impacts on the affairs of the Registered AuditorG .

              Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

      • AUD 4.7 Communication with the DFSA

        • AUD 4.7.1

          A Registered AuditorG must ensure that any communication with the DFSAG is conducted in the English language.

          Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]
          [Amended] DFSA RM181/2016 (Made 19 June 2016). [VER2/08-16]

          • AUD 4.7.1 Guidance

            GEN section 6.10 sets out Rules about how information is to be provided to the DFSAG .

            Derived from DFSA RM181/2016 (Made 19 June 2016). [VER2/08-16]

      • AUD 4.8 Annual information return

        • AUD 4.8.1

          A Registered AuditorG must complete the Annual Information ReturnG form in AFN for each calendar year and submit the form to the DFSAG by 31 January of the following year.

          Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

      • AUD 4.9 Anti-Money Laundering

        • AUD 4.9 Guidance

          A Registered AuditorG should be aware of, and comply at all times with, its AMLG obligations which are contained in the AMLG module of the DFSAG Rulebook.

          Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

      • AUD 4.10 Disclosure of regulatory status

        • AUD 4.10.1

          A Registered AuditorG must not:

          (a) misrepresent its regulatory status with respect to the DFSAG expressly or by implication; or
          (b) use or reproduce the DFSAG logo without express written permission from the DFSAG and in accordance with any conditions for use imposed by the DFSAG .
          Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]