Document from CIS Legislation database © 2003-2022 SojuzPravoInform LLC

The document ceased to be valid since   January 1, 2019 according to Item 1 of the Resolution of the State committee of the Republic of Uzbekistan on assistance to the privatized companies and development of the competition, the Ministry of Finance of the Republic of Uzbekistan of October 15, 2018 No. 02/29-10/36, No. 132

It is registered

Ministry of Justice

Republic of Uzbekistan

On March 28, 2007 No. 1668

RESOLUTION OF THE STATE COMMITTEE OF THE REPUBLIC OF UZBEKISTAN ON MANAGEMENT OF THE STATE-OWNED PROPERTY, MINISTRIES OF FINANCE OF THE REPUBLIC OF UZBEKISTAN

of February 12, 2007 No. 01/12-18/03, No. 20

About approval of the Regulations on procedure for inclusion of auditing organizations in the list of auditing organizations for carrying out external audit at the companies with the block of shares (share) of the state in the authorized capital over 50 percent

(as amended on 15-11-2017)

According to Item 3 of the resolution of the President of the Republic of Uzbekistan of September 27, 2006 No. PP-475 "About measures for further market development of securities", the State committee of the Republic of Uzbekistan on privatization, demonopolization and development of the competition and the Ministry of Finance of the Republic of Uzbekistan decide:

1. Approve the enclosed Regulations on procedure for inclusion of auditing organizations in the list of auditing organizations for carrying out external audit at the companies with the block of shares (share) of the state in the authorized capital over 50 percent.

2. This resolution becomes effective after ten days after state registration in the Ministry of Justice of the Republic of Uzbekistan.

Chairman State

committee of the Republic of Uzbekistan

on management of state-owned property

D. Musayev

 

 

Minister of Finance

Republic of Uzbekistan

R. Azimov

 

 

Approved by the Resolution of the State Property Committee and Ministry of Finance of the Republic of Uzbekistan

Regulations on procedure for inclusion of auditing organizations in the list of auditing organizations for carrying out external audit at the companies with the block of shares (share) of the state in the authorized capital over 50 percent

This Provision according to the Law of the Republic of Uzbekistan "About auditor activities", the resolution of the President of the Republic of Uzbekistan of September 27, 2006 No. PP-475 "About measures for further market development of securities", the resolution of the Cabinet of Ministers of June 11, 2013 No. 165 "About measures for the organization of activities of the Center for management of the state assets under the State committee of the Republic of Uzbekistan on assistance to the privatized companies and development of the competition" determines procedure for inclusion of auditing organizations in the list of auditing organizations for carrying out external audit at the companies with the block of shares (share) of the state in the authorized capital over 50 percent.

I. General provisions

1. Selection of auditing organizations for inclusion in the list of auditing organizations for carrying out external audit at the companies with the block of shares (share) of the state in the authorized capital over 50 percent (further - the List) is performed on the basis of statements of the auditing organizations having the license for implementation of auditor activities for carrying out audit inspections of all business entities or for carrying out initiative and obligatory audit inspections of business entities, except for the joint-stock companies, banks and insurance organizations and meeting the requirements established by this Provision.

2. Requirements for participation in selection are single for all auditing organizations participating in selection.

3. The auditing organizations participating in selection represent annually from February 1 to February 25 to the Center for management of the state assets under the State committee of the Republic of Uzbekistan on assistance to the privatized companies and development of the competition (further - the Center) the statement in form according to appendix to this Provision with application of documents, specified in Item 13 of this provision.

The statement which is not provided at the scheduled time is not subject to consideration.

II. Mechanism of selection of auditing organizations

4. For consideration of the applications of auditing organizations the working group of number of persons employed of the Center and Ministry of Finance is created. The structure and the regulations of work of working group affirms the State committee of the Republic of Uzbekistan on assistance to the privatized companies and development of the competition (further - Goskomkonkurention) and the Ministry of Finance.

5. The working group annually till March 1 considers the applications submitted by auditing organizations, determines the auditing organizations conforming to the established presents the Provision to requirements and constitutes the List which annually affirms the joint resolution of Goskomkonkurention and the Ministry of Finance of the Republic of Uzbekistan.

6. Annually approved List of auditing organizations is published in mass media, and also on official websites of Goskomkonkurention, the Center and Ministry of Finance.

7. Governing bodies of the companies with the block of shares (share) of the state in the authorized capital over 50 percent choose auditing organization from the approved List on competitive basis.

8. Carrying out audit inspection at the companies with the block of shares (share) of the state in the authorized capital over 50 percent by the auditing organization which is not included in the List or not conforming to the requirements established by this Provision after inclusion in the List is not allowed.

9. In case of discrepancy of auditing organization to the requirements established by this Provision, this auditing organization from the moment of emergence of discrepancy submits within 10-day term within the Center the statement for exception it from the List.

10. In case of detection during monitoring of the Center and the Ministry of Finance of discrepancy of auditing organization to the requirements established by this Provision, this auditing organization is excluded from the List and has no right to submit repeatedly the application for inclusion in the List before approval of the following List from the moment of discrepancy detection.

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 SojuzPravoInform LLC. UI/UX design by Intelliants.