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
Based on articles 21 and 23 of the Law of the Republic of Belarus of November 8, 1994 "About auditor activities" in edition of the Law of the Republic of Belarus of December 18, 2002 the Board of National Bank of the Republic of Belarus DECIDES:
1. Approve the enclosed Instruction on auditing regulation in banks, the non-bank credit and financial organizations, banking groups and bank holdings (further - the Instruction).
2. Determine that:
the certificates on compliance to qualification requirements for implementation of auditor activities in bank system granted before entry into force of this resolution when passing by auditors of testing in National Bank of the Republic of Belarus (further - National Bank) for the purpose of observance of the requirement provided in part two of Item 20 of the Instruction are subject to replacement by certificates on compliance to the qualification requirements imposed to the specialists performing auditor activities in banks and the non-bank credit and financial organizations. Auditors have the right to address to National Bank behind replacement of the certificates on compliance to qualification requirements for implementation of auditor activities in bank system granted before entry into force of this resolution by certificates on compliance to the qualification requirements imposed to the specialists performing auditor activities in banks and the non-bank credit and financial organizations without passing of testing in National Bank for the purpose of observance of the requirement provided in part two of Item 20 of the Instruction. In this case in National Bank the corresponding application and the original certificate for compliance to qualification requirements for the implementation of auditor activities in bank system issued before entry into force of this resolution are submitted;
reliability of the annual consolidated statements about activities of the banking group and (or) bank holding constituted according to requirements of the legislation of the Republic of Belarus, and reliability of the annual financial reporting of banks and non-bank credit and financial organizations constituted according to international accounting standards are subject to annual statutory audit starting with the corresponding reporting constituted for 2008.
3. To the banks and the non-bank credit and financial organizations serving execution of agreements with international financial institutions, credit institutions of foreign states on servicing of the credit lines provided under guarantee of the Government of the Republic of Belarus till July 1, 2008 to provide to National Bank the annual financial reporting constituted for 2007 according to international accounting standards (the balance sheet, the report on profit and losses, the report on change of the capital, the cash flow statement, notes, including the short description of essential elements of accounting policy and other explanations), and the audit opinion containing data on compliance of such reporting to international accounting standards.
4. To the auditors having the certificates on compliance to qualification requirements for implementation of auditor activities in bank system granted before entry into force of this resolution with effective period for five years to pass for the purpose of observance of the requirement provided in parts two of Item 20 of the Instruction, testing in National Bank till January 1, 2009 if from the date of decision making about issue of the specified certificates there passed more than three years or three-year term expires in 2008, and in other cases - before the expiration of three-year term from the date of decision making about issue of the specified certificates.
5. Action of the paragraph of third of part two of Item 36 and part two of Item 37 of the Instruction extends to the contracts of rendering auditor services signed after entry into force of this resolution. In case of entering into the contracts of rendering auditor services signed before the entry into force of this resolution, changes and (or) amendments directed to change of subject and (or) effective period of such agreements, conditions of agreements of rendering auditor services shall be brought into accord with the requirements provided in paragraph three of part two of Item 36 and part two of Item 37 of the Instruction.
The beginning of calculation of the biennial term established in paragraph five of part three of Item 36 and the paragraph third part three of Item 37 of the Instruction is the first, following after month in which carrying out audit after January 1, 2011 was begun.
Action of Item 38 of the Instruction extends to the relations which will arise after entry into force of this resolution.
6. To chiefs of head departments, and also the managements which are not part of head departments, central office of National Bank:
appoint the officials responsible for preparation of the list of the questions included in the test for evaluating compliance to the qualification requirements imposed to the specialists performing auditor activities in banks and the non-bank credit and financial organizations (further - the test), and possible answers to them, and also their electronic submission in the structural division holding testing, head department of banking supervision of National Bank;
provide timely informing the structural division holding testing of head department of banking supervision of National Bank about need of updating of the list of the questions included in the test, with simultaneous representation changed the list of questions and possible answers to them in electronic form according to the procedure, established by the Instruction.
7. To provide to head department of banking supervision of National Bank till January 1, 2009 placement on the official page of National Bank on the global computer Internet of information about persons having issued before entry into force of this resolution the certificate on compliance to qualification requirements for implementation of auditor activities in bank system and (or) the special permission (license) for implementation of auditor activities in bank system, and also the data provided in part two of Item 34 and part two of Item 70 of the Instruction.
To provide to head department of banking supervision of National Bank of the Republic of Belarus till June 1, 2011 placement on the official site of National Bank of the Republic of Belarus on the global computer Internet of data on auditing organizations, the auditors performing activities as individual entrepreneurs who received the consent of National Bank of the Republic of Belarus to carrying out statutory audit in 2010 and (or) concerning which such consent was withdrawn, till January 1 of the corresponding year - data on the auditing organizations, auditors performing activities as individual entrepreneurs who received such consent in the years ahead.
8. Ceased to be valid according to the Resolution of Board of National Bank of the Republic of Belarus of 18.10.2016 No. 537
9. Recognize invalid:
the resolution of Board of National Bank of the Republic of Belarus of July 2, 2003 No. 129 "About approval of Rules of licensing and implementation of auditor activities in bank system of the Republic of Belarus" (The national register of legal acts of the Republic of Belarus, 2003, No. 88, 8/9824);
the resolution of Board of National Bank of the Republic of Belarus of December 5, 2003 No. 212 "About entering of amendment and changes into Rules of licensing and implementation of auditor activities in bank system of the Republic of Belarus" (The national register of legal acts of the Republic of Belarus, 2004, No. 4, 8/10339);
the resolution of Board of National Bank of the Republic of Belarus of October 10, 2003 No. 175 "About approval of the Instruction for conducting testing of candidates for receipt of the certificate on compliance to qualification requirements for implementation of auditor activities in bank system" (The national register of legal acts of the Republic of Belarus, 2003, No. 122, 8/10123);
the resolution of Board of National Bank of the Republic of Belarus of October 29, 2004 No. 165 "About modification and amendments in Rules of licensing and implementation of auditor activities in bank system of the Republic of Belarus" (The national register of legal acts of the Republic of Belarus, 2004, No. 179, 8/11687);
the resolution of Board of National Bank of the Republic of Belarus of March 28, 2006 No. 48 "About modification and amendments in Rules of licensing and implementation of auditor activities in bank system of the Republic of Belarus" (The national register of legal acts of the Republic of Belarus, 2006, No. 61, 8/14295);
the resolution of Board of National Bank of the Republic of Belarus of May 26, 2006 No. 82 "About modification of Rules of licensing and implementation of auditor activities in bank system of the Republic of Belarus" (The national register of legal acts of the Republic of Belarus, 2006, No. 87, 8/14502).
10. This resolution becomes effective after its official publication.
Chairman of the board
P.P.Prokopovich
Approved by the Resolution of Board of National Bank of the Republic of Belarus of January 4, 2008 No. 1
Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info
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
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.
The document ceased to be valid since April 2, 2020 according to Appendix of the Resolution of Board of National Bank of the Republic of Belarus of December 11, 2019 No. 495