Document from CIS Legislation database © 2003-2020 SojuzPravoInform LLC

RESOLUTION OF BOARD OF THE NATIONAL BANK OF UKRAINE

of June 22, 2020 No. 80

About approval of Criteria to auditing firms which have the right to carry out assessment of financial and economic activities of bank and cost determination of shares for the purpose of determination of availability/lack of damage caused to the member (participants) of bank

According to Articles 7, of 15, 56 Laws of Ukraine "About the National Bank of Ukraine", article 79-1 of the Law of Ukraine "About banks and banking activity", to the Law of Ukraine "About financial records audit and auditor activities", to the Law of Ukraine "About modification of some legal acts of Ukraine concerning enhancement of mechanisms of banking regulation" of May 13, 2020 No. 590-IX for providing assessment of financial and economic activities of bank and cost determination of shares by internationally acknowledged auditing firm for the purpose of determination of availability/lack of damage caused to the member (participants) of bank, the Board of the National Bank of Ukraine DECIDES:

1. Approve Criteria to auditing firms which have the right to carry out assessment of financial and economic activities of bank and cost determination of shares for the purpose of determination of availability/lack of damage caused to the member (participants) of bank who are applied.

2. To department of methodology of regulation of activities of banks (Natalia Ivanenko) after official publication to inform banks information on adoption of this resolution.

3. The resolution becomes effective from the date of, its official publication following behind day.

Chairman

Ya. Smoly

Approved by the Resolution of Board of the National Bank of Ukraine of June 22, 2020 No. 80

Criteria to auditing firms which have the right to carry out assessment of financial and economic activities of bank and cost determination of shares for the purpose of determination of availability/lack of damage caused to the member (participants) of bank

Internationally acknowledged auditing firm which has the right to carry out assessment of financial and economic activities of bank and cost determination of shares for the purpose of determination of availability/lack of damage caused to the member (participants) of bank shall correspond to at the same time following criteria:

1) is included in the Section "Subjects of Auditor Activities Which Have the Right to Book Statutory Audit of the Financial Reporting of the Companies Which Are of Public Interest" of the Register of auditors and subjects of auditor activities;

2) within the last three years is member of the international auditor network which enters the rating of the largest auditor networks on amount of annual earnings published by the international professional editions "Accountancy Age" and/or "International Accounting Bulletin";

3) performs auditor activities in the market of Ukraine within the last five years from which at least three last years on carrying out statutory audit of the financial reporting (consolidated financial statements) bank;

4) has the partner - the legal entity who is included into the same international auditor network and it is included in the State register of subjects of estimative activities (further - person by assessment), has experience of practical activities in the market of Ukraine according to property at least than five years from which at least three last years according to complete property complexes, shares, securities, property rights and intangible assets, including the rights to intellectual property items;

5) the auditing firm, her head / has the key partner on audits/auditors no penalties applied by the body regulating auditor activities within the last three years about day of determination by court of auditing firm to evaluating financial and economic activities of bank and cost determination of shares;

6) on the official website of Fund of state-owned property of Ukraine there is no information on violation by person on assessment and/or appraisers who carry out assessment in its structure, regulatory legal acts according to property, property rights and professional estimative activity in Ukraine within the last three years about day of determination by court of auditing firm for evaluating financial and economic activities of bank and cost determination of shares;

7) to auditing firm variations (discharge) on the regulatory legal act of the National Bank of Ukraine relatively about variation (discharge) of the auditing firm chosen by bank for carrying out external audit were not applied.

Director of the department of methodology of regulation of activities of banks

N. Ivanenko

It is approved:

First Deputy Chairman of the National Bank of Ukraine

 

E. Rozhkova

 

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 40000 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 SojuzPravoInform LLC. UI/UX design by Intelliants.