The Registration Authority (RA) of Abu Dhabi Global Market (ADGM) has formally become part of the Enforcement Working Group (EWG) under the International Forum of Independent Audit Regulators (IFIAR), marking it as the only member from the Middle East in the group. This follows its earlier admission as IFIAR’s 56th full member in early 2024.
ADGM’s RA serves as the official authority for audit oversight and is empowered to take regulatory action against audit firms and key personnel when necessary. As part of IFIAR’s EWG, the RA collaborates with top global audit regulators, including the UK’s Financial Reporting Council (FRC), the US Public Company Accounting Oversight Board (PCAOB), and Japan’s Financial Services Authority (FSA)/Certified Public Accountants and Auditing Oversight Board (CPAAOB).
Established in 2013, the IFIAR EWG aims to foster greater alignment in enforcement efforts, particularly in conducting investigations, to improve audit quality and protect stakeholder interests.
The RA’s participation in the EWG reflects its ongoing commitment to maintaining rigorous audit and corporate reporting standards, while also recognising the significance of global regulatory cooperation and knowledge exchange in today’s interconnected financial environment.
Aligned with its regulatory objectives for 2024–2025, the RA remains focused on advancing audit quality and applying timely, proportionate, and effective enforcement measures. Strong enforcement is essential to uphold the integrity of ADGM’s financial system, ensuring that those who fail to meet the required standards are held accountable. As a member of the IFIAR EWG, the RA will support international efforts to refine enforcement strategies, respond to emerging regulatory challenges, and deepen bilateral engagement.
