The DFSA employs a risk-based approach to the regulation of Auditors through the use of a continuous risk management cycle, incorporating both planned and event-driven activities.
With respect to planned activities, it is anticipated that each Auditor will be subject to an onsite assessment every three years. This can be varied according to risk and impact factors. The onsite assessment will be conducted in conjunction with the Association of Chartered Certified Accountants who will provide monitoring and technical advice.
The following regulatory tools are employed in the supervision of Registered Auditors:
- Post Registration Meeting with Auditor
- Onsite Assessments
- Desk-Based Reviews
- Event-Driven Reviews
- Theme Reviews
Refer to the GEN Module in the DFSA Rulebook and the Regulatory Policy and Process Sourcebook.