The UAE Securities and Commodities Authority (SCA) and the Dubai Financial Services Authority (DFSA) have signed a memorandum of understanding to strengthen regulatory cooperation on monitoring auditors and enhancing oversight of audits for companies listed on their regulated financial markets. The MoU covers cooperation on the registration, inspection and supervision of auditors, and sets out arrangements to coordinate audit oversight, exchange experience and develop oversight frameworks across both jurisdictions. The authorities also expect the agreement to support implementation of financial reporting standards and improve the efficiency of audit processes for securities firms operating in the UAE and the Dubai International Financial Centre (DIFC).
UAE Securities & Commodities Authority 2025-10-28
UAE Securities and Commodities Authority and Dubai Financial Services Authority sign MoU to coordinate oversight of auditors in UAE markets and the DIFC
The UAE Securities and Commodities Authority and the Dubai Financial Services Authority have signed a memorandum of understanding to enhance regulatory cooperation on auditor oversight for companies listed on their financial markets, covering registration, inspection, and supervision of auditors. The agreement aims to coordinate audit oversight, exchange experience, and improve audit processes for securities firms in the UAE and Dubai International Financial Centre.