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Dubai Financial Services Authority (DFSA): Contents

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  • AUD 6 Conduct of Audits and Preparation of Audit Reports

    • AUD 6.1 Application

      • AUD 6.1.1

        This chapter applies to every AuditorG .

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

    • AUD 6.2 Conduct of audits and contents of audit reports

      • AUD 6.2.1

        An AuditorG must conduct an audit, and prepare the contents of any relevant audit report, referred to in Rules in accordance with the standards in the following table:

        Type of Report Relevant Standards Report Contents
        Financial Statements Auditor's ReportG International Standards on Auditing ISA 700
        Regulatory Return Auditor's ReportG for a Domestic FirmG International Standards on Assurance EngagementG (ISAE) or International Standards on Related ServicesG (ISRS) A1.1.1
        Regulatory Return Auditor's ReportG for a Branch A1.1.2
        Client Money Auditor's ReportG A2.1.1
        Insurance Monies Auditor's ReportG A3.1.1
        Safe Custody Auditor's ReportG A4.1.1
        Fund Auditor's ReportG In accordance with Chapter 9 of the Collective Investment Rules module of the DFSA Rulebook A5.1.1
        Public Listed Company Auditor's ReportG In accordance with Chapter 5 of the MKT module of the DFSA Rulebook A6.1.1

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

      • AUD 6.2.2

        (1) An AuditorG must ensure that every audit report produced by it includes the name of:
        (a) the Audit PrincipalG , if it is a Registered AuditorG ; or
        (b) the relevant individual responsible for managing the audit work relating to the relevant audit report, if it is not a Registered AuditorG .
        (2) An individual referred to in (1)(a) or (b) is not by reason of being named in an audit report in accordance with (1), subject to any civil liability to which he would not otherwise be subject.
        Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]