The Oman Financial Services Authority (FSA) has launched a new electronic system for licensing and renewing practice licences for accountants and auditors, enabling end-to-end online submission and tracking of applications. The platform allows applicants to upload required documents and receive notifications, with the FSA positioning the system as a way to reduce processing time and increase transparency. The launch follows Royal Decree No. 20/2024, which transferred regulation of the accounting and auditing profession to the FSA. Detailed regulations for the profession are being prepared, and the FSA has invited stakeholders to provide feedback on the proposed rules.
Oman Financial Services Authority 2025-07-09
Oman Financial Services Authority launches online system for accounting and auditing licence applications and renewals
The Oman Financial Services Authority has launched an electronic system for licensing and renewing practice licences for accountants and auditors, enabling online submission and tracking. This aims to reduce processing time and enhance transparency, following the transfer of regulatory oversight to the FSA under Royal Decree No. 20/2024. Detailed regulations are in preparation, with stakeholder feedback invited on the proposed rules.