Section 30Part 0 —
Monitoring of compliance
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The Authority shall monitor compliance by recognised auditors with the Rules.
For the purposes of subsection (1) the monitoring of recognised auditors includes —
(a) monitoring of actions of recognised auditors in auditing the accounts of market traded companies, designated companies or Authority specified companies;
(b) conducting inspections of recognised auditors; and
(c) taking disciplinary action where necessary against recognised auditors or responsible individuals.
monitoring of actions of recognised auditors in auditing the accounts of market traded companies, designated companies or Authority specified companies;
conducting inspections of recognised auditors; and
taking disciplinary action where necessary against recognised auditors or responsible individuals.
A person to whom any of the functions of the Authority are delegated under section 16 shall report to the Authority annually in writing on or before 31st January in each year specifying, among other things —
(a) the work the person has undertaken in relation to public oversight of recognised auditors; and
(b) the outcome of any inspections, during the preceding year up to 31st December of that preceding year.
the work the person has undertaken in relation to public oversight of recognised auditors; and
the outcome of any inspections, during the preceding year up to 31st December of that preceding year.
Cross References
- Section 16 of Auditors Oversight Law
Delegation