​​The Capital Market Authority (CMA) Board issued its resolution approving the registration of Al-Saleh and Al-Zoman and Al-Fahad- CPA with the Authority to carry on audit engagements for ESAS with conditions and limitations.

CMA's approval on registering the Company comes with the purpose of carrying on the auditing engagements for ESAS, as the financial statements and financial information are considered a main factor to enhance the confidence of the market and raise the level of transparency and disclosure in the capital market, and since it is the means through which the entities can deliver the financial information to the users of the said statements to take their decisions at the right time.

Based on the CMA's approval of registering the new Company, the number of CMA-registered accounting firms and auditors increased to 15 firms and 43 auditors, respectively.

It is worth mentioning that in 2018 CMA issued, for the first time, the implementing regulations to regulate ESAS's auditors with the name “Rules for Registering Auditors of Entities Subject to the Authority's Supervision". The Rules aim to set out the standards and conditions to be met by the auditors of entities subject to the authority's supervision, including conditioning their registration. In addition, the continuing obligations imposed on the registered accounting firm.

In 2022, CMA amended the said Rules with the aim of developing the procedures of registering ESAS's auditors.

To review the list of CMA-registered Accounting Firms and Auditors, kindly visit the following link:

https://cma.org.sa/en/Market/rafs/Pages/default.aspx​