FSA Warning on Unlicensed Audit Firms: What Investors and Businesses in Oman Need to Know to Protect Their Interests
The Financial Services Authority (FSA) has underscored the critical importance of verifying the authorization of accounting offices before engaging their services.
In its 2025 review, the FSA identified instances where certain offices were practicing accounting and auditing without holding a valid FSA license. The authority stressed that firms must possess an official FSA license to legally carry out accounting and auditing work.
It clarified that a commercial registration (CR) does not qualify as a license to practice accounting or auditing. Possessing a CR alone does not grant permission to provide these professional services without FSA approval and licensing.
Furthermore, any contracts or agreements related to auditing services made with individuals or offices lacking an FSA license are considered invalid and will not be recognized by the authority.
To ensure compliance, the FSA advises consulting the official, updated list of authorized accounting offices available on its website before entering into any contractual agreements.
For verification, visit: https://fsa.gov.om/Home/AuthorizedAndAccredited?companyType=20
Special Analysis by Omanet | Navigate Oman’s Market
For businesses in Oman, this FSA directive underscores the critical need to verify accounting and auditing service providers’ licensure to ensure legal compliance and safeguard financial integrity. The firm stance on invalidating contracts with unlicensed offices introduces both a risk of operational disruption and an opportunity for licensed firms to strengthen their market position. Smart investors and entrepreneurs should now prioritise collaboration only with FSA-licensed entities to mitigate legal and reputational risks while capitalising on the emerging compliance-driven demand.
