Unified UAE Legislation Database

Cabinet Decision No. 21 of 2016 On the Executive Regulations of Federal Law No. 12 of 2014 Regarding Reorganisation of Accounts Auditors Profession

Status

In force

Issuing Authority

The UAE Cabinet

Effective date

XX.XX.XXXX

Official Link

https://

NOT IN FORCE. This law has been abrogated by Cabinet Decision No. 48 of 2022.

The Cabinet:
- After reviewing the Constitution,

- Federal Law No. 1 of 1972 on the Competencies of the Ministries and Powers of the Ministers and its amendments,

- Federal Law No. 12 of 2014 Regarding Reorganisation of Accounts Auditors Profession,

- As presented by the Minister of Economy and approved by The Cabinet,

has decided: 

 

Article 1 – Definitions

In the application of the provisions of this regulation, the following words and phrases shall have the meanings indicated next to each of them, unless the context indicates otherwise:

 

State: United Arab Emirates.

 

Ministry: Ministry of Economy.

 

Minister: Minister of Economy.

 

Сompetent Authority: The relevant local authority in each Emirate.

 

Profession: audit profession.

 

Register of Auditors: Any of the auditors' registers stipulated in Article 2 of these Regulations, which are established at the Ministry to register auditors in accordance with the provisions of the Law and these Regulations.