GENE 9.5.1 Audit and audit reports
(1) An authorised firm that is a QFC entity, or a branch required to do so by the Regulatory Authority, must ensure that its auditor:
(a) conducts an audit of the firm's annual financial statements; and
(b) produces an audit report in accordance with the relevant standards published by the International Auditing and Assurance Standards Board (IAASB), as applicable to listed or public interest entities.
(2) The requirement in this rule is in addition to those in the Companies Regulations 2005 and the Limited Liability Partnerships Regulations 2005.
|Amended by QFCRA RM 2019-1 (as from 28th March 2019).|