Entire Section

  • RPP 3-5 RPP 3-5 Supervision of Auditors

    • RPP 3-5-1

      The DFSA expects to undertake periodic visits of Auditors as part of its risk based approach to supervising firms. The DFSA may include Auditors in some thematic visits.

      Derived from DFSA GM8/2011 (Made 28th April 2011). [VER 1/02-11]
      Amended by Notice of Updates (Made 5th July 2012). July 2012 Edition

    • RPP 3-5-2

      The DFSA is likely to request an annual information report from all Auditors. The information report will request details such as:

      (a) outcome of a fit and proper assessment undertaken by the Auditor;
      (b) any professional indemnity insurance obtained by the Auditor;
      (c) names of the Authorised Firms audited;
      (d) continuing professional development undertaken by relevant employees of the Auditor;
      (e) any other activities undertaken by the Auditor; and
      (f) complaints received by the Auditor.
      Derived from DFSA GM8/2011 (Made 28th April 2011). [VER 1/02-11]
      Amended by Notice of Updates (Made 5th July 2012). July 2012 Edition

    • RPP 3-5-3

      The DFSA is likely to undertake a desk based review of the content of the annual information report it receives from an Auditor. Prior to scheduling an onsite visit, the DFSA is likely to make a request for further information from the Auditor.

      Derived from DFSA GM8/2011 (Made 28th April 2011). [VER 1/02-11]
      Amended by Notice of Updates (Made 5th July 2012). July 2012 Edition

    • RPP 3-5-4

      The onsite visit is likely to include interviews with senior management and a review of files/documentation.

      Derived from DFSA GM8/2011 (Made 28th April 2011). [VER 1/02-11]