SCA introduces key clarifications for UAE Public Joint Stock Companies on Internal Controls over Financial Reporting (ICOFR)
The Securities and Commodities Authority (SCA) has issued a new circular with key amendments to the Governance Guide for Public Joint Stock Companies. These changes are a significant step towards aligning UAE-listed entities with global best practices, boosting investor confidence in the UAE Securities Market.
Key Highlights:
- Comprehensive internal control and risk management systems.
- Adoption of the COSO framework.
- Phased approach for internal control reviews starting from fiscal year 2024.
For more details, read the full report below.
Download the PDF to learn more
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