Document from CIS Legislation database © 2003-2024 SojuzPravoInform LLC

RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF BELARUS

of December 11, 2019 No. 495

On auditing regulation in banks, banking groups and bank holdings

(as amended on 20-11-2023)

Based on part one of article 39 of the Bank code of the Republic of Belarus, paragraphs two, the third, fifth and sixth No. 56-Z "About auditor activities" the Board of National Bank of the Republic of Belarus DECIDES: parts one of item 4 of article 5 of the Law of the Republic of Belarus of July 12, 2013

1. Approve the Instruction on auditing regulation in banks, banking groups and bank holdings it (is applied).

2. Determine that:

certificates on compliance to the qualification requirements and requirements to goodwill imposed to the auditors rendering the auditor services in banks, the non-bank credit and financial organizations, banking groups and bank holdings issued before entry into force of this resolution are effective within five years. The current of term begins from the date of, the passing of the last testing following behind day in National Bank;

calculation of continuous seven-year term of carrying out statutory audit of the annual accounting and (or) financial reporting constituted by "Development Bank of the Republic of Belarus" open joint stock company, the same bank, the non-bank credit and financial organization, the same parent organization of banking group or bank holding begins since January 1, 2020.

3. Recognize invalid resolutions of Board of National Bank of the Republic of Belarus according to appendix.

4. This resolution becomes effective after its official publication.

Chairman of the board

P.V.Kallaur

Appendix

to the Resolution of Board of National Bank of the Republic of Belarus of December 11, 2019 No. 495

List of invalid resolutions of Board of National Bank of the Republic of Belarus

1. The resolution of Board of National Bank of the Republic of Belarus of January 4, 2008 No. 1 "About approval of the Instruction on auditing regulation in banks, the non-bank credit and financial organizations, banking groups and bank holdings".

2. The resolution of Board of National Bank of the Republic of Belarus of November 13, 2008 No. 172 "About modification and amendments in some resolutions of Board of National Bank of the Republic of Belarus concerning banking supervision and implementation of auditor activities in bank system".

3. The resolution of Board of National Bank of the Republic of Belarus of November 30, 2010 No. 523 "About modification and amendments in some resolutions of Board of National Bank of the Republic of Belarus".

4. The resolution of Board of National Bank of the Republic of Belarus of January 4, 2013 No. 7 "About modification and amendments in the Instruction on auditing regulation in banks, the non-bank credit and financial organizations, banking groups and bank holdings".

5. Item 1 of the resolution of Board of National Bank of the Republic of Belarus of December 26, 2013 No. 786 "About modification and amendments in some resolutions of Board of National Bank of the Republic of Belarus".

6. Item 1 of the resolution of Board of National Bank of the Republic of Belarus of June 5, 2014 No. 375 "About modification and amendments in some resolutions of Board of National Bank of the Republic of Belarus".

7. Item 4 of the resolution of Board of National Bank of the Republic of Belarus of August 13, 2015 No. 482 "About modification and amendments in some regulatory legal acts of National Bank of the Republic of Belarus".

8. Subitem 1.1 of Item 1 of the resolution of Board of National Bank of the Republic of Belarus of June 10, 2016 No. 311 "About entering of amendments and changes into some resolutions of Board of National Bank of the Republic of Belarus".

9. Subitem 1.1 of Item 1 of the resolution of Board of National Bank of the Republic of Belarus of November 30, 2016 No. 596 "About entering of amendments and changes into some resolutions of Board of National Bank of the Republic of Belarus".

10. Subitem 1.2 of Item 1 of the resolution of Board of National Bank of the Republic of Belarus of April 25, 2018 No. 192 "About modification and amendments in some regulatory legal acts of National Bank of the Republic of Belarus".

11. Subitem 1.3 of Item 1 of the resolution of Board of National Bank of the Republic of Belarus of July 27, 2018 No. 335 "About modification and amendments in some resolutions of Board of National Bank of the Republic of Belarus".

Approved by the Resolution of Board of National Bank of the Republic of Belarus of December 11, 2019 No. 495

The instruction on auditing regulation in banks, banking groups and bank holdings

Chapter 1. General provisions

1. This Instruction establishes the qualification requirements and requirements to goodwill imposed to the auditors rendering auditor services in banks, "Development Bank of the Republic of Belarus" open joint stock company, the non-bank credit and financial organizations (further, unless otherwise specified, - banks), banking groups, bank holdings, procedure for evaluating compliance to such requirements (further, unless otherwise specified, - assessment of conformity of auditors), requirements imposed to the auditing organizations, the auditors performing activities as individual entrepreneurs (further - auditors - individual entrepreneurs) performing auditor activities in banks, banking groups, bank holdings, procedure for evaluating compliance to such requirements (further - assessment of conformity of auditing organizations, auditors - individual entrepreneurs), and also determines single questions of implementation of auditor activities in banks, banking groups, bank holdings.

2. For the purposes of this Instruction following terms are used in the following values:

Warning!!!

This is not a full text of document! Document shown in Demo mode!

If you have active License, please Login, or get License for Full Access.

With Full access you can get: full text of document, original text of document in Russian, attachments (if exist) and see History and Statistics of your work.

Get License for Full Access Now

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

Effectively work with search system

Database include more 50000 documents. You can find needed documents using search system. For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.
More about search system

Get help

If you cannot find the required document, or you do not know where to begin, go to Help section.

In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.

You also may open the section Frequently asked questions. This section provides answers to questions set by users.

Search engine created by SoyuzPravoInform LLC.