The Financial Markets Authority has released the Auditor Regulation and Oversight Plan for the period 2020-2023.
The published plan outlines the areas that the FMA shall concentrate more on for contributing to the integrity, development of the audit profession while reviewing the quality of Financial Markets Conduct Act audits.
For the next three years, FMA shall focus more on the following:
- Thematic reviews,
- Improving audit quality,
- Developments in the audit profession,
- Monitoring accredited bodies,
- Auditing and accounting standards.