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RPP 2-10-3

An applicant for registration should be able to demonstrate to the DFSA's satisfaction that:

(a) it has professional indemnity insurance as required in section 8.17 of the GEN module;
(b) it has adequate systems, procedures and controls to ensure due compliance with:
(i) the International Standards on Auditing;
(ii) the International Standards on Quality Control; and
(ii) the Code of Ethics for Professional Accountants;
(c) where applicable, it has adequate systems, procedures and controls to ensure due compliance with:
(i) the Islamic Accounting and Auditing Standards; and
(ii) the Code of Ethics for Accountants and Audit Firms of Islamic Financial Institutions;
(d) it is controlled by Persons each of whom holds a Recognised Professional Qualification from a Recognised Professional Body; and
(e) it has complied with any other requirement as specified by the DFSA.
Derived from DFSA GM8/2011 (Made 28th April 2011). [VER 1/02-11]