The Oman Financial Services Authority (FSA) hosted a seminar on regulation of the accounting and auditing profession following Royal Decree 20/2024 and unveiled an integrated electronic system to manage licensing and renewal for accounting and auditing firms. The new system supports online applications, document uploads, and application status tracking, with the FSA positioning it as a transparency and digital transformation measure for the profession. The seminar also served as a forum for practitioners to discuss regulatory requirements and the role of auditors in improving the quality of financial reporting, with the FSA indicating the updated regulatory approach is intended to strengthen professional conduct and service quality.
Oman Financial Services Authority 2025-09-17
Oman Financial Services Authority launches electronic system for licensing and renewal of accounting and auditing firms
The Oman Financial Services Authority hosted a seminar on accounting and auditing regulation following Royal Decree 20/2024 and introduced an integrated electronic system for licensing and renewal. The system facilitates online applications and document management, enhancing transparency and digital transformation. The seminar also addressed regulatory requirements and the role of auditors in improving financial reporting quality.