Commercial Companies Law

Article 251 — Article (251) Contents of the Auditor's Report

Part Four: Public Joint Stock Companies · Chapter Seven: Auditors of Public Joint Stock Companies

1. The auditor shall notify the SCA of any violations of the provisions of this Decree Law or any violations which constitute a criminal offence, detected in the course of performing his duties for the Company, within 10 [ten] days of detecting the violation. 2. If the auditor fails to comply with Clause [1] of this Article, the SCA may suspend the auditor from auditing Public Joint Stock Companies for up to a year or revoke his registration with the SCA, or refer him to the Public Prosecution if necessary. In all cases, the Ministry and the Competent Authority shall be notified accordingly.

WAWhatsAppTGTelegram