of November 17, 2015 No. 776
About requirements to carrying out statutory audit of the public companies
For the purpose of establishment of the minimum requirements to qualification and experience of auditors, according to article 29 of the Law of the Kyrgyz Republic "About the security market" the Government of the Kyrgyz Republic decides:
1. Approve requirements to auditors for carrying out statutory audit of the public companies according to appendix.
2. The public companies in case of the choice of auditing organization need to be guided by requirements according to appendix to this resolution.
4. To impose control over execution of this resolution on department of finance and credit policy of Government office of the Kyrgyz Republic.
For carrying out statutory audit of the public companies the auditor of auditing organization shall have experience of carrying out at least 10 (ten) financial records audits, constituted according to the International Accounting Standards (IAS), within the last 3 (three) years.
For carrying out statutory audit of the public companies the auditing organization shall have at least 2 (two) auditors conforming to the above-stated requirements in the state.
The auditing organization cannot book statutory audit in one public company more than 5 (five) years in a row.
Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info
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