RESOLUTION OF THE CABINET OF MINISTERS OF THE KYRGYZ REPUBLIC

of October 7, 2022 No. 550

About approval of the Procedure for maintaining the Unified state register of auditors, auditing organizations, professional auditor associations

For the purpose of realization of part 3 of article 22 of the Law of the Kyrgyz Republic "About auditor activities", according to articles 13, of the 17th constitutional Law of the Kyrgyz Republic "About the Cabinet of Ministers of the Kyrgyz Republic" the Cabinet of Ministers of the Kyrgyz Republic decides:

1. Approve the Procedure for maintaining the Unified state register of auditors, auditing organizations, professional auditor associations according to appendix, to this resolution.

2. The provision of Items 14, 15 Procedures approved by Item 1 of this resolution regarding the requirement about obligatory membership of auditors and auditing organizations in professional auditor association become effective according to Item 2 of part 2 of article 29 of the Law of the Kyrgyz Republic "About auditor activities".

3. This resolution becomes effective after seven days from the date of official publication.

Appendix

to the Resolution of the Cabinet of Ministers of the Kyrgyz Republic of October 7, 2022 No. 550

Procedure for maintaining the Unified state register of auditors, auditing organizations, professional auditor associations

1. General provisions

1. This Procedure for maintaining the Unified state register of auditors, auditing organizations, professional auditor associations (further - the Procedure) establishes requirements of maintaining, state registration, refusal of registration, re-registration, exception of the Unified state register of the auditors, auditing organizations, professional auditor associations and auditing organizations allowed to audit of subjects of public interest, subjects of big business in the Kyrgyz Republic.

2. The unified state register of auditors, auditing organizations, professional auditor associations in the Kyrgyz Republic (further - the Unified state register) represents the electronic systematized list of the auditors, auditing organizations, professional auditor associations and auditing organizations allowed to audit of subjects of public interest, subjects of big business which is kept by the authorized state body regulating auditor activities and exercising control of activities of auditors, auditing organizations, professional auditor associations (further - authorized state body).

3. Auditors, the auditing organizations, professional auditor associations and auditing organizations allowed to audit of subjects of public interest, subjects of big business acquire the right to implementation of activities from acceptance date by authorized state body of the decision on registration them in the Unified state register.

2. Maintaining the unified state register

4. Maintaining the Unified state register includes entering of the data into them (register entries), storage, ensuring confidentiality of data included in the Unified state register (in the cases established by the legislation of the Kyrgyz Republic on information of personal nature), and also forming and storage of register cases.

5. Register entries are entered in the Unified state register by the authorized officer of authorized state body (further - the official) which bears responsibility for reliability of the data and data entered into the Unified state register.

6. The unified state register is kept in electronic form (the computer program) by entering into it of register entries.

7. The authorized state body bears responsibility for forming, smooth functioning of the Unified state register, ensuring the regulated access for staff of authorized state body to register entries and ensuring technical support of the Unified state register.

8. The unified state register consists of the following parts:

1) register of auditors;

2) register of auditing organizations;

3) register of professional auditor associations;

4) the register of the auditing organizations allowed to audit of subjects of public interest, subjects of big business.

9. Identification of the auditor, auditing organization, professional auditor association and the auditing organization allowed to audit of subjects of public interest, subjects of big business within the Unified state register is performed on the basis of individual registration number (further - IRN).

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