GEN 8.6 GEN 8.6 Audit reports
GEN 8.6.1 GEN 8.6.1
Authorised Personmust, in writing, require its Auditorto:(a) conduct an audit of and produce a Financial Statement Auditor's Reporton the Authorised Person'sfinancial statements in accordance with:(i) the International Standards on Auditing; or(ii) if the Authorised Firm is a Branch and the financial statements have been prepared for its head office, the recognised audit standards in the jurisdiction where the head office is located;(b) produce a Regulatory Returns Auditor's Reportin accordance with the Rules in AUD App1 as relevant;(c) produce, if the Authorised Firmis permitted to control or hold Client Money, a Client Money Auditor's Reportin accordance with the Rules in AUD App2;(d) produce, if the Authorised Firmis permitted to control or hold Insurance Monies, an Insurance Monies Auditor's Reportin accordance with the Rules in AUD App3;(e) produce, if the Authorised Firmis permitted to hold or control Client Investmentsor Provide Custodyin or from the DIFC, a Safe Custody Auditor's Reportin respect of such business as applicable, in accordance with the Rules in AUD App4; and(f) provide a Money Services Auditor's Report in accordance with the Rules in AUD App7, if the Authorised Firm is Providing Money Services, Account Information Services or Payment Initiation Services.Derived from DFSA RM01/2004 (Made 16th September 2004). [VER1/09-04]
[Amended] DFSA RM66/2009 (Made 1st August 2009). [VER23/08-09]
[Amended] DFSA RM69/2010 (Made 1st March 2010). [VER25/03-10]
[Amended] DFSA RM131/2014 (Made 21st August 2014). [VER34/06-14]
[Amended] DFSA RM184/2016 (Made 7th December 2016). [VER38/02-17]
[Amended] DFSA RMI266/2020 (Made 26th February 2020). [VER48/04-20]
[Added] DFSA RMI297/2021 (Made 21st April 2021). [VER52/09-21]
[Added] DFSA RMI305/2021 (Made 30th June 2021). [VER52/09-21]
GEN 8.6.1 Guidance
For the purposes of Rule 8.6.1(a) the financial statements of an
Authorised Personwhich is a Branchmay be the financial statements prepared for the Authorised Person's head office.
Authorised Personmust submit any reports produced by its Auditorthat are required by this chapter to the DFSAwithin four months of the Authorised Person'sfinancial year end.
GEN 8.6.3 GEN 8.6.3(1) An
Authorised Personmust, subject to (2), upon request by any Person, provide a copy of its most recent audited financial statements, together with the Financial Statement Auditor's Reportto the Person. If the copy is made available in printed form, the Authorised Personmay make a charge to cover reasonable costs incurred in providing the copy.(2) The requirement in (1) does not apply to an Authorised Firmwhich:(a) is in Category 3B, Category 3C or Category 4; and(b) does not hold or control Client Assetsor Insurance Monies.
GEN 8.6.3 Guidance
Authorised Personshould be aware that there may be other legislation applicable to it that may require the Authorised Personto provide access to all or part of its financial statements.[Added] DFSA RM131/2014 (Made 21st August 2014). [VER34/06-14]