ADGM Cracks Down on Audit Failings: Baker Tilly Faces Heavy Fines
Abu Dhabi Global Market (ADGM), the esteemed financial hub in Abu Dhabi, has taken decisive action against audit deficiencies by imposing substantial fines on Baker Tilly Middle East Limited and its audit principal, Neil Andrew Sturgeon. The updated version of the Beneficial Ownership and Control Regulations 2022 (BOC Regulations) provided the framework for ADGM’s enforcement …
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