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ORDER OF THE GOVERNMENT OF THE REPUBLIC OF MOLDOVA

of August 20, 2018 No. 807

About approval of the Regulations on activities of Council for public supervision of audit

For the purpose of realization of part (1) article 36 of the Law No. 271/2017 on financial records audit (The official monitor of the Republic of Moldova, 2018, Art. No. 7-17, 48) and the state supervision of audit DECIDES: the Government

1. Reorganize by transformation Council for supervision of auditor activities under the Ministry of Finance into Council for public supervision of audit which is successor of its rights and obligations.

2. Approve Regulations on activities of Council for public supervision of audit it (is applied).

3. Establish the extreme number of staff of Council for public supervision of audit in number of 10 units.

4. To the Ministry of Finance:

1) to provide Council for public supervision of audit by service premises for a period of up to June 30, 2019;

2) to request candidates for representatives of National Bank of Moldova, Audit Chamber and the National commission on the financial market for inclusion in staff of Committee on supervision of audit.

5. This resolution becomes effective on September 1, 2018, except for the Section V of the Regulations on activities of Council for public supervision of audit which will become effective on January 1, 2021.

6. Item 1 and parts second and third Item 2 of the Order of the Government No. 1450/2007 on some measures for accomplishment of the Law No. 61/2007 on auditor activities (The official monitor of the Republic of Moldova, 2007, as Art. No. 203-206, 1493) to recognize invalid.

7. The first tender on selection of the representative of the academic circle specialized in audit area, and representatives of business environment will be organized by the Ministry of Finance according to the criteria established in Item 10 of the Regulations on activities of Council for public supervision of audit.

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