An external auditor is a legal person licensed by the competent department at Ministry of Economy and Commerce or registered at Qatar Financial Center (QFC) to carry out the works of revision and audit of financial statements and reports, to express an opinion in accordance with rules and principles of the profession and the International Standards on Auditing (ISA) or auditing standards relating to Islamic financial institutions; and to confirm whether those financial statements are free of fundamental mistakes; as well as the liquidations.

a) These rules shall apply to external auditors who are eligible to carry out external audit for the listed entities and entities subject to the Authority's jurisdiction.

b) No person shall carry out the external audit for the listed entities and entities subject to the Authority's jurisdiction, unless registered in the external auditors' list prepared for this purpose in the Authority.