ORDER OF THE MINISTRY OF FINANCE OF THE REPUBLIC OF MOLDOVA

of June 14, 2012 No. 64

About acceptance and publication of audit standards and the Code of ethics

In pursuance of provisions of the Law No. 61-XVI of March 16, 2007 on auditor activities (The official monitor of the Republic of Moldova, 2007, No. 117-126, of the Art. 530), with subsequent changes and amendments, and the Orders of the Government No. 180 of March 23, 2012 "About application of Audit standards and the Code of ethics in the territory of the Republic of Moldova" (The official monitor of the Republic of Moldova, 2012, 210) I ORDER to No. 60-62, of the Art.:

1. Accept based on the Agreement on the right of reproduction of Audit standards and the Code of ethics in the Republic of Moldova signed by the Ministry of Finance on April 2, 2012 and Council for international standards of audit and guarantee of reliability of the International federation of the accountants on April 4, 2012, application in the territory of the Republic of Moldova for financial records audit including the periods since January 1, 2012, publication in Special release of the Official monitor of the Republic of Moldova and placement on the official page of the Ministry of Finance in the Internet:

1) International Standard of Quality Control (ISQC):

MSKK 1 Quality control in the firms auditing and the overview of the financial reporting, other agreements on expression of confidence and to the accompanying services

2) International Standards of Audit (ISA):

MCA 200 Common goals of the independent auditor and carrying out audit according to International standards of audit

MCA 210 Agreement negotiation on audit

MCA 220 Quality control of financial records audit

MCA 230 Auditor documentation

MSA 240 Obligations of the auditor concerning fraud when carrying out financial records audit

MCA 250 Accounting of the legislation and regulations during financial records audit

MCA 260 Exchange of information with persons given the leading authority

MCA 265 Informing persons given the leading authority and the subject's managements about shortcomings of internal control system

MCA 300 Planning of financial records audit

MCA 315 Identification and risks assessment of essential misstatements on the basis of knowledge of the subject and its circle

MCA 320 the Materiality in planning and accomplishment of audit

MCA 330 of Action of the auditor in response to the estimated risks

MCA 402 Aspects of audit of the subjects using services of the serving organizations

MCA 450 Assessment of the misstatements revealed during audit

MCA 500 Auditor proof

MSA 501 Auditor dokazatelstvospetsialny consideration of certain Articles

MCA 505 External confirmations

MCA 510 Primary agreements on auditunachalny balances

MCA 520 Analytical procedures

MCA 530 Auditor selection

MCA 540 Audit of estimations, including fair value estimations, and the corresponding disclosures

MCA 550 Related parties

MCA 560 Subsequent events

MCA 570 Going concern assumption

MCA 580 Written representations

MCA 600 Specific questions - financial records audit of group (including work of auditors of separate components)

MCA 610 Use of work of internal auditors

MCA 620 Use by the auditor of work of the involved expert

MCA 700 Formulation of opinion and submission of the report (conclusion) on the financial reporting

MCA 705 Modification of opinion in the report (conclusion) of the independent auditor

MCA 706 Explanatory paragraphs and paragraphs about the other questions requiring attention in the report (conclusion) of the independent auditor

MCA 710 Comparative information, comparative data and comparative financial reporting

MCA 720 Responsibility of the auditor concerning other information in the documents containing the audited financial reporting

MCA 800 Specific voprosyaudit the financial reporting prepared according to basis of special purpose

MCA 805 Specific questions - audit of separate financial statements and specific elements, accounts or financial statement items

MCA 810 of the Agreement on submission of the report (conclusion) on the generalized financial reporting

3) Code of ethics of professional accountants (Code of ethics)

4) No. 62 Is withdrawn according to the Order of the Ministry of Finance of the Republic of Moldova of 13.05.2014

5) International standards of agreements on the overview (MSSO):

MCCO 2400 of the Agreement on the overview of the financial reporting

MCCO 2410 the Overview of interim financial information executed by the independent auditor of the subject

6) International standards of agreements on expression of confidence (MSSVU):

MSSVA

3000 Agreements on confidence expression other than audit or overview of historical financial information

MSSVA

3400 Studying of perspective financial information

7) International standards of agreements on accompanying

to services (MSSSU):

MSSSU

4400 Agreements on accomplishment of the approved procedures concerning financial information

MSSSU

4410 Agreements on compilation of the financial reporting

2. Recognize invalid:

1) National Audit Standards (NAS):

HCA 110 the Terminology used in National audit standards

HCA 120 Conceptual bases of National audit standards

NSA 200 Purpose and general principles of audit of the financial reporting

HCA 210 of the Condition of auditor agreements

HCA 220 Quality control of auditor work

HCA 230 Documentation

HCA 240 Deception and mistake

HCA 250 Accounting of requirements legislative and regulations when carrying out financial records audit

HCA 260 Informing concerning audit of persons (bodies) responsible for management of the economic agent

HCA 300 Planning

HCA 310 Knowledge of business

HCA 320 the Materiality in audit

HCA 330 the Audit procedures relating to estimative risks

HCA 400 Risk assessment and internal control

NSA 401 Audit in the environment of computer information systems

HCA 402 the Questions of audit connected with the economic agents using services of the serving organizations

HCA 500 Auditor proofs

HCA 501 the Auditor dokazatelstvadopolnitelny questions concerning individual clauses

HCA 505 External confirmations

HCA 510 Initial agreements - remaining balance at the beginning of the period

HCA 520 Analytical procedures

HCA 530 Auditor selection and other procedures of selective testing

HCA 540 Audit of estimative values in financial accounting

HCA 545 Audit of estimates and disclosures in the financial reporting of the elements reflected at fair value

HCA 550 Related parties

Event HCA 560 after date of financial reporting preparation

HCA 570 Principle of continuity

HCA 580 Information provided by management

HCA 600 Use of work of other auditor

HCA 610 Use of work of internal audit

HCA 620 Use of work of the expert

HCA 700 the Audit opinion concerning the financial reporting

HCA 710 Comparative information

HCA 720 Other information in the documents containing the audited financial reporting

HCA 800 the Audit opinion on the audit having the special purpose

HCA 810 Studying of forecast financial information

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