MPFA Reminds ORSO Schemes Administrators and Employers to Comply with Statutory Audit Obligations

In its capacity as registrar of ORSO schemes, the MPFA reminds ORSO schemes administrators and employers to pay attention to statutory audit obligations, in particular exercising prudence and due care when appointing scheme auditors. The MPFA has issued regulatory directives to relevant administrators and employers, reiterating the relevant responsibilities under the ORSO. The MPFA will continue to collaborate with the Accounting and Financial Reporting Council to enhance the audit quality of ORSO schemes and protect the interests of scheme members.