This ADGM guidance document provides an interpretation of the rules and regulations surrounding the revision of defective company accounts and reports. It clarifies the processes and restrictions outlined in the Companies Regulations 2020 and the Revision of Accounts Rules, offering a suggested approach for directors to ensure accounts are free from material misstatement.
Key requirements
- Comply with ADGM Companies Regulations 2020 and the International Accounting Standards when preparing accounts.
- Adhere to the rules outlined in the Companies Regulations 2020 and the ADGM Companies Regulations (Revision of Defective Accounts and Reports) Rules 2022 when revising accounts.
- Be aware of restrictions on revisions after the annual report and accounts have been sent to members, delivered to the Registrar, or laid before the company in a general meeting.
Applies to: Companies operating within the ADGM that are subject to the Companies Regulations 2020 and the Revision of Accounts Rules.