DECISION OF COUNCIL OF HEADS OF GOVERNMENT COMMONWEALTH OF INDEPENDENT STATES

of October 18, 2011

About Regulations on documenting audits of financial and economic activities of Executive directorate of Interstate fund of humanitarian state cooperation – members of the Commonwealth of Independent States

For the purpose of enhancement of activities of Interstate fund of humanitarian state cooperation – members of the Commonwealth of Independent States Council of Heads of Government of the Commonwealth of Independent States

solved:

1. Approve Regulations on documenting audits of financial and economic activities of Executive directorate of Interstate fund of humanitarian state cooperation – members of the Commonwealth of Independent States it (is applied).

2. Declare invalid Item 3 of the Decision of Council of CIS Heads of Government of May 25, 2007 about financial provision of activities of bodies of Interstate fund of humanitarian state cooperation – members of the Commonwealth of Independent States and extreme number of its Executive directorate.

3. Recommend to Board of Interstate fund of humanitarian state cooperation – members of the Commonwealth of Independent States to make the decision on the organization and carrying out in 2012 of audit of financial and economic activities of Fund for 2007-2011.

Approved by the Decision of Council of Heads of Government of the Commonwealth of Independent States on the Regulations on documenting audits of financial and economic activities of Executive directorate of Interstate fund of humanitarian state cooperation – members of the Commonwealth of Independent States of October 18, 2011

Regulations on documenting audits of financial and economic activities of Executive directorate of Interstate fund of humanitarian state cooperation – members of the Commonwealth of Independent States

I. General provisions

1.1. According to Regulations on procedure for forming and execution of the estimate on content of Executive directorate of Interstate fund of humanitarian state cooperation – members of the Commonwealth of Independent States (further – Executive directorate of Fund), the approved Decision of Council of CIS Heads of Government of October 18, 2011, audits of the specified body are carried out by representatives of the State Parties of the Agreement on creation of Interstate fund of humanitarian state cooperation – members of the Commonwealth of Independent States of May 25, 2006 (further – the State Parties of the Agreement) on board decision of Fund, but at least once in two years.

Under the organization and carrying out documenting audit of financial economic activity of Executive directorate of Fund, registration and realization of its results it is necessary to be guided by this Provision, and also the legislation of the state of stay of Executive directorate of Fund.

1.2. The documenting audit of financial and economic activities of Executive directorate of Fund (further – audit) represents system of obligatory control actions for documentary and actual checks in the inspected period:

legitimacy of economic and financial activities of Executive directorate of Fund in the inspected period;

correctness of reflection of the facts of financial and economic activities of Executive directorate of Fund in financial accounting and the reporting;

legal and economic justification of actions of the Chief executive and the chief accountant (accountant), other persons of Executive directorate of Fund on whom responsibility for implementation of economic and financial activities is conferred.

Check represents single control action or research of the state of affairs on certain site of financial economic activity of Executive directorate of Fund.

II. Purposes and tasks of audit

2.1. The purpose of audit of Executive directorate of Fund is implementation of the subsequent control of respect for legitimacy of economic and financial activities in the inspected period, availability and movement of property and obligations, use material and manpower according to the approved regulations, standard rates and estimates.

2.2. The main objective of audit of Executive directorate of Fund is check of financial and economic activities of Fund for the following directions:

compliance of the organization of financial and economic activities of Executive directorate of Fund to constituent documents of Fund and to the regulating documents regulating activities of Fund and also the agreement with the state of stay on conditions of stay of Fund in its territory;

legal and economic justification of calculations of estimate appointments;

completeness and timeliness of the cash accounting, enlisted into accounts of Fund;

check of target expenditure of the arrived fees according to the expense budgets approved by Board of Fund;

ensuring safety of money and material values;

completeness and timeliness of calculations of Executive directorate of Fund with the budget and state non-budgetary funds of the state of stay of Fund;

calculations for compensation and other settlings with legal entities and physical persons;

settlings with debtors and creditors;

respect for financial discipline, reliability of conducting financial accounting and creation of the reporting.

III. Organization and carrying out audit

3.1. Audits of Executive directorate of Fund are carried out according to board decision of Fund about the organization and carrying out audit. Board decision of Fund about the organization and carrying out audit goes to the State Parties of the Agreement no later than one month prior to the beginning of year in which carrying out audit is planned.

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