The Institute of Chartered Accountants in England and Wales (ICAEW), a world leader of the accountancy and finance professions, has been contracted by the Dubai Financial Services Authority (DFSA) to assist in the monitoring of DFSA-registered audit firms. The DFSA is the independent regulator of one of the fastest growing capital markets in the world, and delivers world-class regulation in the Dubai International Financial Centre (DIFC). It is responsible for the oversight of auditors of firms authorised by the DFSA to conduct financial services in the DIFC. This oversight role involves monitoring auditors and their work as well as independent inspection. Vernon Soare, ICAEW Executive Director, Professional Standards, said: “Being appointed by the Dubai Financial Services Authority to offer technical assistance in the monitoring of Dubai’s audit firms is a great testament to our technical expertise. The fact that we were awarded this contract at the same time as we are also ope
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