📰 Monitoring Enforcement Division News
Monitoring Enforcement Division News Today
Fast, Ad-Free News Updates
Stay updated with breaking news from Monitoring Enforcement Division. Real-time updates on events, politics, business and more.
September 1, 2023
The Registration Authority (RA) of Abu Dhabi Global Market (ADGM) has taken enforcement action against ADGM-registered audit firm, KPMG Lower Gulf Limited (KPMG). The RA imposed a financial penalty in the amount of USD 30,000 against KPMG for ineffective
August 31, 2023
KPMG’s systems gaps led to ‘non-compliance with audit requirements’
August 31, 2023
Abu Dhabi, 31st August 2023: The Registration Authority (RA) of Abu Dhabi Global Market (ADGM) has taken enforcement action against ADGM-registered audit firm, KPMG Lower Gulf Limited (KPMG). The RA imposed a financial penalty in the amount of USD 30,000 against KPMG for ineffective systems and controls leading to non-compliance with audit requirements under RA-administered legislation. ADGM audit regulatory framework requires audit reports to be issued and signed by ADGM Registered Audit Princi...