The Oman Financial Services Authority warned Account for Accounting and Auditing Services after identifying deficiencies in audit evidence and documentation that breached professional principles and applicable International Standards on Auditing, and ordered the firm’s two owners to implement regulatory directives within three months to improve professional competence, audit quality and legal compliance.
Oman Financial Services Authority warns audit firm over professional standards breaches
The Oman Financial Services Authority warned Account for Accounting and Auditing Services over deficient audit evidence and documentation. The firm’s owners must implement remedial directives within three months.