FSA deregisters Reliance Audit firm for unlicensed practice

The Financial Services Authority (FSA) has deregistered Reliance Audit firm from the register of licensed accounting and auditing firms due to violations of the Law Regulating the Accounting and Auditing Profession. Inspections revealed that the firm allowed unlicensed individuals to practice, contravening Article 1 of the law, which prohibits such activities without an FSA license. The FSA emphasized the importance of adhering to legal provisions to maintain the integrity of the accounting and auditing profession. ([cdn-3.timesofoman.com](https://cdn-3.timesofoman.com/article/174354-fsa-deregisters-reliance-audit-firm-over-unlicensed-practice?utm_source=openai))