Oman regulator suspends KPMG from new auditing work over "irregularities" | ZAWYA MENA Edition:
Oman's securities regulator said on Wednesday it has suspended audit firm KPMG from doing new work for a year after finding major financial and accounting irregularities at some listed companies.
The Capital Market Authority (CMA) took corrective steps at those companies to protect investors, it said in a statement without naming the firms or giving other details.
A review by the CMA "established professional negligence on the part of some audit firms that warranted disciplinary measures against them in the interests of the investors and other stakeholders," the CMA said.
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