Regulatory & Monitoring Supervision Unit (RMS)

The main activities of the Regulatory & Monitoring Supervision Unit are:

• supervising the manner in which the prescribed accountancy bodies regulate their members (including the operation of their admissions, licensing, complaints, investigations, disciplinary and appeals processes);
• oversee the manner in which the recognised accountancy bodies perform the functions assigned to them under the Companies Act 2014 in relation to statutory auditors and firms;
• examining the prescribed accountancy bodies’ regulatory and monitoring plans and annual reports;
• liaising with other countries’ oversight Authorities;
• the ongoing development of policies and procedures pertaining to the supervision of the profession;
• assisting the Board to discharge its functions as an advisor to the Minister.