All Statutory Auditors who wish to conduct statutory audits in Gibraltar are required to apply directly to the FSC.
In order to be approved as a Statutory Auditor the applicant must satisfy the competent authority that he has;
The FSC would consider an applicant who has worked under a Statutory Auditor in Gibraltar for two or more years, and this being certified by said, as satisfying the local audit experience requirement.
The applicant will be required to pay the application fee and annual fee as stipulated under the Financial Services (Auditors Fees) Regulations 2011.
All Statutory Auditors approved in an EEA Member State who wish to conduct statutory audits in Gibraltar are required to apply directly to the FSC.
The applicant will be required to submit the following an Individual Questionnaire.
The applicant will be required to pay the application fee and annual fee as stipulated under the Financial Services (Auditors Fees) Regulations 2011.
On submission of the above, applicants will be contacted directly and a date and time arranged to complete an aptitude test. The test will be administered in Gibraltar by the FSC and will test the adequate knowledge of the laws and regulations of Gibraltar in so far as relevant to statutory audits.
The applicant will be permitted to take three sittings to pass the exam. If the individual fails, they will be required to wait one month before they can re-take.
All Audit Firms who wish to conduct statutory audits in Gibraltar are required to apply directly to the FSC.
The FSC has introduced a streamlined application process for all types of applications for authorisations under any one or more of the Supervisory Acts including the use of universal application forms.
The applicant will be required to pay the application fee and annual fee as stipulated under the Financial Services (Auditors Fees) Regulations 2011.
Last update: 1st April 2011