8.3.1. Obligation to maintain working papers and records

An Auditor must maintain sufficient working papers and records to:

• (a) facilitate proper performance of its functions and duties under AIFC legislation; and
• (b) be able to demonstrate to the AFSA that it has properly performed its functions and duties, for a period of at least 7 years from the date of completion of each audit carried out by it.

8.3.2. Obligation to disclose working papers and records

The working papers and records, however stored, must be capable of production in English on paper and within a reasonable period not exceeding 3 business days if requested by the AFSA.