Policy & Legal Updates
ADGM Fines PKF and Audit Principal $100,000 Over Audit Deficiencies
The Registration Authority of Abu Dhabi Global Market has imposed financial penalties totalling $100,000 on PKF Accountants and Business Advisers LLP and its audit principal. The penalties follow an inspection that uncovered failures to adhere to International Standards on Auditing and inadequate fraud risk assessments. PKF received a $65,000 fine, while its audit principal was fined $35,000.
