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AUD A1.1.1

In producing a Regulatory Returns Auditor's Report for a Domestic Firm, an Auditor must state whether:

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