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5.3. Withdrawal of registration at the request of the Auditor or Audit Principal
FINANCIAL SERVICES LEGISLATION
RULES
AIFC AUDITOR RULES
Guidance: Purpose of this rulebook
SCHEDULE 1: Forms
Annex A – Client Money Auditor's Report
Annex B – Client Investments Auditor's Report
Annex C – Insurance Intermediary Auditor's Report
Entire Act

5.3. Withdrawal of registration at the request of the Auditor or Audit Principal

5.3.1. Procedure for requesting withdrawal of registration

A request for withdrawal of an Audit Principal’s registration by the relevant Auditor or Audit Principal must be made in writing to the AFSA.

5.3.2. Criteria for granting withdrawal of registration

Before granting a request for withdrawal of an Audit Principal's registration, the AFSA must first be satisfied that:

  • (a) the Auditor is able to continue to comply with AUD 3.1.2; and
  • (b) any other matter which the AFSA would reasonably expect to be resolved has been resolved.

5.3.3. Notification by AFSA to the Registrar of Companies

If the AFSA makes a decision under AUD 5.1.1, it will notify the Companies Registrar of such decision and require the Companies Registrar to update the register of Auditors and Audit Principals.