{"id":86885,"date":"2025-09-27T18:47:11","date_gmt":"2025-09-27T18:47:11","guid":{"rendered":"https:\/\/www.africa-press.net\/gambia\/uncategorized\/frob-validates-draft-audit-and-public-interest-entities-rules"},"modified":"2025-09-27T19:57:05","modified_gmt":"2025-09-27T19:57:05","slug":"frob-validates-draft-audit-and-public-interest-entities-rules","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/gambia\/all-news\/frob-validates-draft-audit-and-public-interest-entities-rules","title":{"rendered":"FROB Validates Draft Audit and Public Interest Entities Rules"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Gambia. <\/strong><\/span><b>The Gambia Financial Reporting Oversight Board (FROB) on Thursday, 25 September 2025, validated its inaugural draft Audit and Public Interest Entities (PIE) Rules, marking a major step forward in strengthening the country\u2019s financial reporting and regulatory framework.<\/b><\/p>\n<p>The validation meeting, held in Banjul, brought together stakeholders from across the public and private sectors, underscoring the vital role of transparent and accountable financial reporting in advancing national development.<\/p>\n<p>In his opening remarks, FROB Executive Director Sulayman Foday Drammeh highlighted that the central aim of the new rules is to protect the public interest. He cautioned, however, that the effectiveness of the framework depends not only on the rules themselves but also on the commitment of regulators, professionals, and corporate leaders to apply them \u201cconsistently, fairly, and with integrity.\u201d<\/p>\n<p>Drammeh emphasized inclusivity as a guiding principle of FROB\u2019s regulatory approach. He urged stakeholders to view the new rules as an opportunity to elevate The Gambia\u2019s financial reporting standards to a level that is \u201cworld-class, trusted, and respected. \u201cFROB stands ready to guide, monitor, and, when necessary to enforce, but above all, we stand committed to building partnerships that will make compliance not a burden but a shared standard of excellence,\u201d he noted.<\/p>\n<p>Attikan Dibba, Chairman of the FROB Board, explained that the PIE Rules aim to set clear standards governing the operations of public interest entities in The Gambia, outlining how auditors should conduct their work and the responsibilities these entities bear in strengthening financial reporting. He highlighted that, until now, the absence of a formal regulatory framework has left the oversight of PIEs largely to the discretion of their management.<\/p>\n<p>\u201cSo this document is designed to take away discretion from the process so that the rules are very clear. So when that is achieved, no one can blame the CEO and his team for playing bias. That means the rules are there; the only job is to enforce the rules,\u201d Dibba said.<\/p>\n<p>From the practitioners\u2019 side, Ramatoulie S.O. Jallow of DTA welcomed the inclusive approach taken in developing the rules. She expressed confidence that standardized guidelines would provide greater clarity and consistency in auditing practices, strengthening their implementation.<\/p>\n<p>\u201cI believe once we agree on this, it is going to be positive because we are going to have consistency on how we do it; it doesn\u2019t matter what audit firm audits a PIE, but at least the approaches are going to be similar, especially the monitoring that is coming now from FROB.\u201d<\/p>\n<p>Established under the Financial Reporting Act 2013, FROB serves as The Gambia\u2019s national regulator for financial reporting. Its mandate includes promoting transparency and accountability, setting auditing and corporate governance standards, monitoring compliance, and ensuring effective oversight of public interest entities across the country.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Gambia<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Gambia. The Gambia Financial Reporting Oversight Board (FROB) on Thursday, 25 September 2025, validated its inaugural draft Audit and Public Interest Entities (PIE) Rules, marking a major step forward in strengthening the country\u2019s financial reporting and regulatory framework. The validation meeting, held in Banjul, brought together stakeholders from across the public and private [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":86884,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[260],"class_list":["post-86885","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-gambia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>FROB Validates Draft Audit and Public Interest Entities Rules - Gambia<\/title>\n<meta name=\"description\" content=\"The Gambia Financial Reporting Oversight Board (FROB) on Thursday, 25 September 2025, validated its inaugural draft A ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/gambia\/all-news\/frob-validates-draft-audit-and-public-interest-entities-rules\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FROB Validates Draft Audit and Public Interest Entities Rules\" \/>\n<meta property=\"og:description\" content=\"The Gambia Financial Reporting Oversight Board (FROB) on Thursday, 25 September 2025, validated its inaugural draft A ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/gambia\/all-news\/frob-validates-draft-audit-and-public-interest-entities-rules\" \/>\n<meta property=\"og:site_name\" content=\"Gambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-27T18:47:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-27T19:57:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2025\/09\/sm_1758990360.081539.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"405\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/frob-validates-draft-audit-and-public-interest-entities-rules#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/frob-validates-draft-audit-and-public-interest-entities-rules\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"FROB Validates Draft Audit and Public Interest Entities Rules\",\"datePublished\":\"2025-09-27T18:47:11+00:00\",\"dateModified\":\"2025-09-27T19:57:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/frob-validates-draft-audit-and-public-interest-entities-rules\"},\"wordCount\":477,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/frob-validates-draft-audit-and-public-interest-entities-rules#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2025\/09\/sm_1758990360.081539.jpg\",\"keywords\":[\"Gambia\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/gambia\/all-news\/frob-validates-draft-audit-and-public-interest-entities-rules#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/frob-validates-draft-audit-and-public-interest-entities-rules\",\"url\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/frob-validates-draft-audit-and-public-interest-entities-rules\",\"name\":\"FROB Validates Draft Audit and Public Interest Entities Rules - 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