Announcement of publishing the Draft Rules for Registering Auditors of Entities Subject to the Authority's Supervision for Public Consultation

​In continuance of the role of the Authority in developing and regulating the capital market and seeking the stability of the capital market's environment, and in line with Saudi Arabia’s Vision 2030, and in accordance with the Capital Market Law issued by the Royal Decree No. (M/30) Dated 02/06/1424H, the CMA Board has issued its Resolution to publish the Draft Rules for Registering Auditors of Entities Subject to the Authority's Supervision, to obtain the views of the public, specialists and interested parties for a period of (30) calendar days ending on 1/1/1440H corresponding to 11/9/2018G.

the Draft Rules aim to set out the standards and conditions required for the auditors of the Saudi Stock Exchange, the Securities Depository Center, authorised persons to carry on securities business (except authorised persons to carry on advising activity), investment funds and listed companies (which will be defined, for the purpose of these Draft Rules, as entities subject to the Authority's  supervision), including conditioning registration with the Authority in order to carry on audit engagement for entities subject to the Authority's supervision, the requirements for such registration and its procedures. Additionally, the Draft Rules indicates the continuing obligations imposed on Registered Accounting Firm and Registered Certified Public Accountant, and the provisions of the suspension and cancellation of the registration, in addition to the provisions of ceasing to carry on audit engagement for entities subject to the Authority's supervision.

The Authority, with full gratitude, would like to receive the opinions and remarks of relevant and interested parties, through any of the following channels:

• Email: (Laws.Regulations@cma.org.sa);
• Fax number: (+966114906460); or
• Mail address: (P.O. Box 87171 Riyadh 11642, CMA Deputy for Legal Affairs and Enforcement – Laws and Regulations Department).

All opinions and remarks will be taken into consideration in order to finalize the Rules.

The Draft Rules can be viewed via the following link:

The Draft Rules in Arabic:

مشروع قواعد تسجيل مدققي حسابات المنشآت الخاضعة لإشراف الهيئة  

The Draft Rules in English:

The Draft Rules for Registering Auditors of Entities Subject to the Authority's  Supervision