FSA symposium discusses legislative, regulatory updates on accountancy, auditing

Muscat: The Financial Services Authority (FSA) on Wednesday organised a symposium titled "Accounting and Auditing: Reality and Development Opportunities".

Held in Muscat in the presence of representatives of accounting and auditing firms and specialists, the symposium was aimed to exchange expertise, boost channels of communication among professional offices and explore key legislative and regulatory updates in the profession of accounting and auditing.

The symposium saw the launch of an integrated electronic system whereby accounting and auditing offices can submit their applications for registration and renewal. The system constitutes a step forward in FSA’s digital transition drive. It enables applicants to electronically submit and follow-up their applications in a transparent manner that contributes to revision and tracking of performance.