Oman

The FSA revoked the company's licence to operate in the securities sector and removed it from the register. It had not met minimum capital and shareholders' equity requirements or regularised its position within the grace period after a three-month suspension imposed on 10 February 2026 (Decision 2/2026).

The Professional Conduct Committee found shortcomings in several audit procedures and audit files, including the sufficiency of audit evidence and the documentation of procedures. It warned the firm and required its two owners to carry out regulatory directives within three months. The notice cites no article.

The Professional Conduct Committee suspended the firm for six months. Findings included allowing an individual to practise without formal appointment, preparing financial statements and auditing them, and missing documentation, materiality, inventory and related-party procedures.

The Professional Conduct Committee suspended the firm for six months. It cited offering the owner's licence for rent through an electronic platform, missing owner signatures on most audit reports and non-compliance with auditing standards.

The Professional Conduct Committee issued a warning over audit report signing breaches and gave the firm three months to correct the violations. The announcement covers two firms and does not map articles to each.

The Professional Conduct Committee issued a warning over audit report signing breaches and gave the firm three months to correct the violations and follow supervisory directives. The announcement covers two firms and does not map articles to each.

The FSA deregistered the firm after inspection findings that it let unlicensed individuals practise, issued audit reports without the owner's signature, lacked the required external-audit experience and filed its licence renewal late.

The FSA found that Omantel had not applied IAS 29 and IAS 21 in its 2024 audited statements and directed it to file revised statements within two months. The FSA Appeals Committee dismissed the company's appeal on 28 September 2025.

Following an inspection, the Professional Conduct Committee warned the firm for giving opinions without the required audit procedures, not keeping all audit files for ten years and breaching ISA 700. It gave a four-month grace period to correct the position.