Background
The Accounting and Auditing Regulator (ACAR) operates under the Non‑Bank Financial Services Authority and engages with enterprises and not‑for‑profit entities on accounting and audit procedures. ACAR is the accounting and auditing regulator within the Non‑Bank Financial Services Authority and sets procedures for submission of financial statements by supervised entities.
ACAR has designated an E‑Filing system as the electronic channel for submission of audited financial statements by enterprises and not‑for‑profit entities under its remit. On 30 June 2026 ACAR organised an online dissemination seminar, presided over by H.E. Bou Tharin, to explain the E‑Filing workflow and operational procedures to representatives of audited enterprises, not‑for‑profit entities and the general public.
Scope of Application
The published procedures and the E‑Filing channel apply to audited enterprises and not‑for‑profit entities required to submit financial statements to ACAR. The seminar targeted both entity representatives and members of the public to promote timely fulfilment of accounting and auditing obligations.
Key Provisions or Decisions
The event focused on the operational steps for electronic submission, the workflow within the E‑Filing platform, and practical usage guidance for filers. ACAR emphasised coordination with the private sector and described the dissemination as part of a public‑private partnership approach to strengthen national accounting practices.
Implications for Investors, Businesses, or Compliance
Clarified submission procedures and online filing guidance are intended to support entities in meeting statutory reporting timelines and completing accounting and auditing obligations in a timely manner. Wider adoption of the E‑Filing channel may standardise the format and timing of financial statement submissions for regulated entities overseen by ACAR.
Official Source
ACAR press post and seminar announcement, 30 June 2026; seminar presided over by H.E. Bou Tharin, Director General, Accounting and Auditing Regulator. Original source: ACAR Facebook post.
