Muscat, Oman - In line with its objectives and jurisdiction under Royal Decree No. (20/2024), the Financial Services Authority (FSA) will host a specialised seminar titled ‘Accounting and Auditing, Reality and Development Opportunities’ on Wednesday, 17 September, at Al Irfan Hall in the FSA headquarters. The seminar will bring together representatives of accounting and auditing firms alongside a number of specialists.

It comes as part of the FSA’s efforts to regulate and develop the accounting and auditing profession and to enhance communication channels with professional firms, thereby contributing to enhancing the efficiency of the profession and fostering knowledge exchange among practitioners in the sector.

The seminar will feature discussions of specialised working papers, most notably; the requirements for regulating the practice of the accounting and auditing profession, the electronic system for the profession, the role of the FSA in regulating the profession and the role of auditors, in addition to a review of the activities of the Professional Conduct Committee and the key violations observed.

The seminar will also provide the participants with the opportunity to raise their inquiries and suggestions, thereby reinforcing the integrative role between the FSA and professional firms in elevating performance standards and advancing practices related to the accounting and auditing profession.