The Registration Authority of Abu Dhabi Global Market
(ADGM) and the Ministry of Economy have agreed to cooperate more with respect
to the registration and supervision of auditors with the aim of promoting high
standards of financial audits in the UAE.
To this effect, an MoU was signed by Dhaher bin Dhaher Al Mheiri, CEO of the Registration Authority of ADGM, and Humaid bin Butti Al Muhairi, Assistant Undersecretary for Commercial Affairs, Ministry of Economy.
Al Muhairi said: “This strategic MoU between ADGM and the Ministry of Economy facilitates the exchange of information and expertise between both parties. The MoU also seeks to align the country’s auditing standards with global best practices and ensure that auditing companies comply with internationally accepted legal and organisational requirements.”
Al Mheiri said: “Our goal is to ensure that the highest standards of quality are maintained when it comes to auditing, by pursuing best practices and increasing transparency. Through this agreement, ADGM and the Ministry of Economy will work hand in hand to coordinate on the oversight and development of the audit profession.”
Looking for Professional Audit Firms in UAE?
We provide Professional Audit Services in UAE providing clients with a wide range of quality Audit Services in UAE with accordance to the client’s business needs. Auditors at Alya Al Marzooqi Auditing are committed to provide the best Auditing Services in the UAE to the clients in compliance with the latest updates on IFRS in the UAE having their international experience in Auditing. The Audit Team at Alya Al Marzooqi Auditing are professionally equipped with relevant industry experience from different ends.
Courtesy to Khaleej Times