15 Hrs
Source:
الاقتصادية
Saudi market improves audit standards
The Saudi Capital Market Authority has decided to amend the rules for registering auditors of entities under its jurisdiction, aiming to improve the quality of audit processes and increase transparency. The amendments include requiring qualified audit managers who hold membership with the Authority or an equivalent accreditation, establishing an internal quality management system in accordance with professional standards, and collaborating with the Authority during inspection processes and developing corrective plans when necessary. Additionally, the disclosure requirements in reports have been expanded to include information about the quality management system, ownership, and governance, with the goal of strengthening investor confidence in the market.
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