Capital Market Authority of the Sultanate of Oman Renews Accreditation of ‘Abu-Ghazaleh’

MUSCAT – The Capital Market Authority (CMA) of the Sultanate of Oman renewed its accreditation of Talal Abu-Ghazaleh & Co. International (TAG-Audit), a member of Talal Abu-Ghazaleh Global (TAG.Global), for auditing the accounts of the Authority’s companies and institutions for two years. 

The Authority accredited TAG-Audit since the issuances of the accreditation standards of auditors in 2005. Furthermore, it has recently issued a new list of accreditation controls and regulations to facilitate the mission of the Authority in following up as well as assessment of auditors’ efficiency, quality and professional performance. 

The decision of CMA Executive Director No. (2019/87/X), to accredit TAG-Audit came after TAG-Audit met all requirements of accreditation regulations of auditors and after thorough and holistic study and examination.

On the other hand and in the framework of cooperation between CMA and TAG.Global, the two parties organized a workshop entitled ‘Internal Audit Skills of Insurance Companies’ which aimed at training and qualifying national cadres in internal audit profession. 

The workshop came as a part of CMA’s Qualification Program which was launched in October 2019 to qualify Omani holders of Bachelor’s degree in Accounting and Finance for employment in the internal audit profession; in addition to developing skills of graduates wishing to engage in this profession as well as supplying the Omani market with qualified cadres.

It is worth  mentioning that cooperation between TAG.Global and CMA has been maintained and strengthened in various fields since the establishment of the Authority in 1998.