Grand Cayman, 26 March 2026 - The Cayman Islands Government has published a bill that will advance the formal dissolution of the Auditors Oversight Authority (AOA), as the entity has served its purpose in the jurisdiction's regulatory framework.
The Auditors Oversight (Amendment, Validation and Repeal) Bill, 2026, is expected to be presented by the Premier and Minister for Financial Services and Commerce, the Hon. André Ebanks, at the upcoming meeting of Parliament scheduled for next month.
The AOA was established in 2012 to support international regulatory equivalency objectives within a defined segment of audit oversight. However, the need for this function has diminished due to shifts in the global regulatory environment, together with the limited level of activity in its oversight of in scope auditors and market-traded entities and the absence of equivalency recognition from key international partners.
