MUSCAT : The FSA has called on all applicants who previously submitted registration and licensing applications to practise the accounting and auditing profession through the Ministry of Commerce, Industry and Investment Promotion to update and complete their procedures with the authority within 30 days.

The circular comes in line with the transfer of the accounting and auditing profession’s regulatory responsibilities to the FSA pursuant to Royal Decree No. 20/2024 establishing the Financial Services Authority and issuing its Statute. The circular specifies that applicants must complete the required registration and licensing procedures and submit all necessary documents within 30 days from June 2, 2026.

The circular further states that any procedures or approvals granted prior to the issuance of the Royal Decree will be deemed invalid if applicants fail to complete the required procedures within the specified period. The FSA has urged all concerned parties to complete their applications through the designated electronic channels.

The FSA said the measure is part of its efforts to regulate and supervise the accounting and auditing sector, ensure the accuracy of the national register of accountants and auditors, and verify compliance with legal and professional requirements.

It added that the initiative aims to strengthen governance in the profession and enhance regulatory oversight in line with Oman’s updated legal framework.

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