• The AFSA, in line with its risk-based approach, performs periodic risk assessments of Registered Auditors based on a risk cycle. These risk cycles are determined based on the level of activities a Registered Auditor undertakes in the AIFC and their individual significance to the AFSA’s risk tolerance.
• Audit Monitoring Reports
Annually, the AFSA issues a public report detailing our findings from audit inspections carried out in previous calendar year. These reports also present other relevant quantitative and qualitative data which could be used by the Registered Auditors for internal training purposes.