New regulator for auditors appointed

| 11/12/2013

(CNS Business): The body responsible for overseeing inspections of Cayman-based firms that audit market-traded companies has appointed its first managing director. Donald Cockburn will manage the daily activities of the Auditors Oversight Authority (AOA) and facilitate discussions with his foreign counterparts in order to have Cayman-based auditors assessed and confirmed as having equivalent quality assurance systems to those of other countries. This oversight body lines up with the requirements under the Alternative Investment Fund Managers Directive (AIFMD) that came into effect in July, and gaining recognition from EU member states will be very important to the offshore sector. Read more on CNS Business

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