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RESOLUTION OF THE MINISTRY OF FINANCE OF THE REPUBLIC OF BELARUS

of September 25, 2002 No. 133

About approval of national rules of auditor activities "Other information in the documents containing the checked accounting and (or) financial reporting"

(as amended on 12-12-2019)

Based on the paragraph of third of part one of Item 5 of article 5 of the Law of the Republic of Belarus of July 12, 2013 No. 56-Z "About auditor activities", Item 10 of 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, the Ministry of Finance of the Republic of Belarus DECIDES:

Approve national rules of auditor activities "Other information in the documents containing the checked accounting and (or) financial reporting" (are applied).

Minister

N.P.Korbut

Approved by the Resolution of the Ministry of Finance of the Republic of Belarus of September 25, 2002 No. 133

National rules of auditor activities "Other information in the documents containing the checked accounting and (or) financial reporting"

Chapter 1. General provisions

1. These rules determine actions of auditing organizations, the auditors performing activities as individual entrepreneurs (further - auditing organization), concerning the other information included in the document containing accounting (financial) records which audit is booked by auditing organization (further - the checked accounting and (or) financial reporting).

2. These national rules determine:

actions of auditing organization concerning other information in the documents containing the checked accounting and (or) financial reporting;

actions of auditing organization in case of identification of contradictions between the checked accounting and (or) financial reporting and other information.

3. It is excluded

4. These national rules are not applied when carrying out audit which purpose is expression of opinion of auditing organization on the financial information of the audited face other than the accounting and (or) financial reporting of this audited face.

Chapter 2. Actions of auditing organization concerning other information in the documents containing the checked accounting and (or) financial reporting

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

the document containing the checked accounting and (or) financial reporting is the document provided by regulatory legal acts or prepared at the initiative of the audited face for the purpose of provision to the interested users which structure joins the accounting and (or) financial reporting of the audited face checked by auditing organization. The annual statement of open joint stock company (limited liability company) or the prospectus of the issue of securities can serve as the documents containing the checked accounting and (or) financial reporting;

other information – any included in the document containing the checked accounting and (or) financial reporting, these (data) of both financial, and non-financial nature, other than this reporting. Other information are: the report of executive body of the audited face accompanying the accounting and (or) financial reporting; the research opinion about activities of the audited face for the previous and (or) reporting periods; the planned capital expenditures of the audited face; in the annual statement of open joint stock company – the characteristic and results of activities of society for the accounting period; in the prospectus of the issue of securities – general data on the issuer, data on the previous share issues, information on financial position and economic activity of society.

6. The auditing organization shall not draw audit opinion according to other information. But the auditing organization needs to study other information for identification of essential contradictions with the checked accounting and (or) financial reporting.

7. Consideration of other information by auditing organization includes acquaintance with its content, comparison of data, check of the calculations made the audited face on the basis of the checked accounting and (or) financial reporting and at the discretion of auditing organization other actions.

8. Other information is subject to consideration by auditing organization before signature date of audit opinion according to the accounting and (or) financial reporting. Therefore the auditing organization shall report beforehand to management of the audited face about need of provision by it before the end of carrying out audit of the accounting and (or) financial reporting of other information for consideration even if such consideration is not provided by the agreement of rendering auditor services.

9. The auditing organization documents consideration of other information according to the national rules of auditor activities "Audit documentation" approved by the resolution of the Ministry of Finance of the Republic of Belarus of August 4, 2000 No. 81.

10. If necessary the questions connected with consideration of other information, auditing organization includes in the report on results of audit of the accounting and (or) financial reporting.

11. When carrying out audit, the accounting and (or) financial reporting of the audited face the auditing organization does not bear responsibility for reliability of the other information included in the document containing the checked accounting and (or) financial reporting.

12. The consideration of other information by auditing organization provided by these national rules in the documents containing the checked accounting and (or) financial reporting cannot and shall not be treated by the audited face, and also users of the audit opinion and the document containing the checked accounting and (or) financial reporting as expression of opinion of auditing organization on reliability of other information or the document in general.

13. No. 47 is excluded according to the Resolution of the Ministry of Finance of the Republic of Belarus of 11.12.2017

Chapter 3. Actions of auditing organization in case of identification of contradictions between the checked accounting and (or) financial reporting and other information

14. Consideration of other information by auditing organization in the documents containing the checked accounting and (or) financial reporting can reveal essential contradiction between the checked accounting and (or) financial reporting and other information or essential misrepresentation in other information.

15. For the purposes of these national rules essential misrepresentation is understood as incorrect reflection or representation in other information of data, directly or indirectly not connected with the checked accounting and (or) financial reporting.

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