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The document ceased to be valid since  January 17, 2019 according to the Resolution of the Ministry of Finance of the Republic of Belarus of December 28, 2018 No. 83

RESOLUTION OF THE MINISTRY OF FINANCE OF THE REPUBLIC OF BELARUS

of October 31, 2001 No. 106

About approval of national rules of auditor activities

(as amended on 28-04-2015)

Based on the Regulations on the Ministry of Finance of the Republic of Belarus approved by the resolution of Council of Ministers of the Republic of Belarus of October 31, 2001 No. 1585 "Questions of the Ministry of Finance of the Republic of Belarus", the Ministry of Finance of the Republic of Belarus DECIDES:

1. Ceased to be valid according to the Resolution of the Ministry of Finance of the Republic of Belarus of 06.12.2011 No. 127

2. Approve the enclosed national rules of auditor activities "Use of results of work of other auditing organization".

3. Ceased to be valid

 

Minister

N.P.Korbut

Approved by the Resolution of the Ministry of Finance of the Republic of Belarus of October 31, 2001 No. 106

Rules of auditor activities "Procedure for the conclusion of agreements of rendering auditor services"

Voided according to the Resolution of the Ministry of Finance of the Republic of Belarus of 06.12.2011 No. 127

 

Approved by the Resolution of the Ministry of Finance of the Republic of Belarus of October 31, 2001 No. 106

National rules of auditor activities "Use of results of work of other auditing organization"

Chapter 1. General provisions

1. These rules determine actions of auditing organizations, the auditors performing activities as individual entrepreneurs (further - auditing organizations) in cases when the auditing organization books audit of the accounting (financial) records including indicators of one or several separate divisions of the audited face.

2. These rules:

determine bases of interaction of the main and other auditing organizations when carrying out audit of the accounting (financial) records of the audited face including indicators of accounting (financial) records of divisions which audit is booked by other auditing organization;

determine actions of the main auditing organization when using results of work of other auditing organization;

establish procedure for reflection in audit opinion according to accounting (financial) records of results of work of other auditing organization.

3. No. 78 is excluded according to the Resolution of the Ministry of Finance of the Republic of Belarus of 10.12.2013

4. These rules do not consider:

professional relations of auditing organization with prior auditing organization;

cases when the main auditing organization considers that indicators of accounting (financial) records of divisions which audit is booked by other auditing organization are insignificant for accounting (financial) records of the audited face.

If indicators of accounting (financial) records of several divisions, insignificant separately, together are essential to accounting (financial) records of the audited face, then it is necessary to consider application of the procedures stated in these rules.

Chapter 2. Bases of interaction of the main and other auditing organizations

5. If the accounting (financial) records of the audited face join indicators of accounting (financial) records of one or several divisions which audit is booked by other auditing organization, then the main auditing organization needs to estimate influence of results of work of other auditing organization on audit of accounting (financial) records of the audited face in general.

6. For the purposes of these rules the following terms and their determinations are applied:

the main auditing organization is the auditing organization which is responsible for preparation of audit opinion according to the accounting (financial) records of the audited face including indicators of accounting (financial) records of one or several divisions of this audited face which audit is booked by other auditing organization;

other auditing organization is auditing organization which is not the main and bears responsibility for preparation of audit opinion about the indicators of accounting (financial) records of division included in accounting (financial) records of the audited face which audit is booked by the main auditing organization;

the division is the structural or separate division of the legal entity which is not given the rights of the legal entity whose indicators of accounting (financial) records join in accounting (financial) records of this audited face and audit of the most accounting (financial) records of the audited face is booked by the main auditing organization.

7. When carrying out audit of accounting (financial) records of the audited face the main auditing organization shall determine whether the work which is carried out by her is sufficient for preparation of audit opinion according to accounting (financial) records of the audited face which part divisions are. For this purpose it is necessary:

estimate importance of that part of accounting (financial) records of the audited face which audit is booked by main auditing organization, and according to that part of accounting (financial) records of divisions concerning which she does not book audit;

size up the level of own knowledge of activities of divisions;

estimate risk of essential misstatements of accounting (financial) records of the divisions checked by other auditing organization;

provide opportunity if necessary to perform supplementary procedures concerning indicators of accounting (financial) records of divisions which audit is booked by other auditing organization that shall provide essential participation of the main auditing organization in audit of accounting (financial) records of the audited face.

8. The main auditing organization in coordination with management of the audited face should notify other auditing organization on the intention to use results of the latest work when carrying out audit of accounting (financial) records of the audited face.

9. Other auditing organization, having received the notification of the main auditing organization, shall cooperate with the last. She shall plan and carry out the work taking into account that indicators of accounting (financial) records of division which audit she books are included into accounting (financial) records of the audited face which audit is booked by the main auditing organization.

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