The Auditors' Disciplinary Board, which held its sessions at the Ministry of Industry and Commerce, decided to fine two audit offices with five thousand BDs each.

The decision came after proof of violations of Decree-Law No. (15) of 2021 regarding external auditors and the principles of the profession and responsibilities entrusted to them, in addition to committing violations that harm the dignity of the profession, and not conforming to international standards on auditing and financial statements.

The Ministry of Industry and Commerce affirms its commitment to taking legal and administrative measures against any audit firm in violation of the provisions and laws in force, as it will spare no time or effort to protect citizens, customers and everyone involved in dealing with audited financial reports.