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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.

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