Frequently Asked Question - List of authorized statutory auditors

ISSUE 1

23rd November 2022 

What is the list of authorised statutory auditors?

It is the list of audit firms authorized to perform statutory audit services in entities subject to the Authority’s mandate. The list is developed in accordance with Article 3 of the Statutory Auditor Appointment Rules (the Rules) issued by ADAA Chairman’s Decision No. 53 of year 2020.

Why did ADAA introduce the list of authorised statutory auditors?

ADAA has introduced the list of authorized statutory auditors to elevate the quality of statutory audit services provided to entities subject to ADAA mandate; The list will only include auditors who demonstrate indicators of quality, independence and confidentiality specified in the Rules.

What is the process to be listed in ADAA list of authorized statutory auditors?

To enlist, the firm shall open an account on the statutory auditor platform, complete application forms, submit the required data and meet the evaluation criteria requirements through the following link: [Link to Platform]

How and when the list of authorised statutory auditors will be updated?

All completed applications wil...