Article 69 Of Chapter 6
Section: Licensed Persons Accounts Review
Every licensed Person must use an internal control system and abide by the following:
1 - Execute the operations according to general or special authorization obtained from the competent department.
2 - Independence of disposition of assets under general or special authorization from the competent department.
3 - Compare registered assets during appropriate periods of time and take the necessary actions towards any material changes.
4 - Record transactions to allow preparation of financial statements in accordance with the standards adopted by the Authority or during the auditing of the company’s registered assets.