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The document is cancelled since January 1, 2021 according to Item 1 of the Order of the Government of the Russian Federation of May 21, 2020 No. 717

Registered by

Ministry of Justice

Russian Federation

On March 22, 2016 No. 41502

ORDER OF THE MINISTRY OF FINANCE OF THE RUSSIAN FEDERATION

of December 18, 2015 No. 203n

About approval of the Regulations on the principles of implementation of external control of quality of work of auditing organizations, individual auditors and requirements to the organization of the specified control

For the purpose of realization of part 6 of article 10 of the Federal Law of December 30, 2008 No. 307-FZ "About auditor activities" (The Russian Federation Code, 2009, No. 1, Art. 15; 2010, No. 27, Art. 3420; 2014, 49, of the Art. 6912) I order to No.:

1. Approve the enclosed Regulations on the principles of implementation of external control of quality of work of auditing organizations, individual auditors and requirements to the organization of the specified control.

2. Declare invalid the order of the Ministry of Finance of the Russian Federation of February 24, 2010 No. 16n "About approval of the federal standard of auditor activities "The principles of implementation of external control of quality of work of auditing organizations, individual auditors and the requirement to the organization of the specified control. FSAD 4/2010" (registration No. 17488 is registered by the Ministry of Justice of the Russian Federation on June 7, 2010; Bulletin of regulations of federal executive bodies, 2010, No. 26).

Minister

A. G. Siluanov

Approved by the Order of the Ministry of Finance of the Russian Federation of December 18, 2015 No. 203n

Regulations on the principles of implementation of external control of quality of work of auditing organizations, individual auditors and requirements to the organization of the specified control

I. General provisions

1. This Provision establishes the principles of implementation of external control of quality of work of auditing organizations, individual auditors and the requirement to the organization of the specified control.

2. This Provision is applied when implementing of auditors by self-regulatory organizations and the federal executive body exercising external control of quality of work of auditing organizations (further - authorized federal body on control and supervision), external control of quality of work of auditing organizations, individual auditors.

For the purposes of this provision self-regulatory organizations of auditors and authorized federal body on control and supervision hereinafter are referred to as as subjects of external control of quality of work of auditing organizations, individual auditors.

3. The principles of implementation of external control of quality of work and the requirement to the organization of the specified control established by this Provision can be applied by self-regulatory organizations of auditors in case of determination as a part of rules of the organization and implementation of external control of quality of work of the members of the rules relating to the organization and implementation of external control of quality of work of members - the auditors who are not individual auditors.

4. The basic principles of implementation of external control of quality of work of auditing organizations, individual auditors (further - VKKR) are:

a) implementation of VKKR concerning all auditing organizations, individual auditors (further - object of VKKR);

b) independence of VKKR;

c) security financial, material and manpower;

d) proper level of professional competence of the workers performing VKKR (further - controllers);

e) transparency of appointment procedure of controllers for carrying out external check of quality of work of object of VKKR (further - external check);

e) reporting on condition and results of VKKR;

g) publicity of results of VKKR;

h) ensuring elimination with the checked object of VKKR of the violations and shortcomings revealed by results of external check.

5. When implementing VKKR the controller is guided by requirements of independence, professional competence, due care.

6. Independence of the controller consists that when holding control action he is independent of object of VKKR, including:

a) does not consist according to the family legislation of the Russian Federation in the marriage relations, the relations of relationship or property, the adoptive father and adopted, and also the custodian and the object of VKKR sponsored with owners and (or) officials;

b) was not during the checked period and is not during control action by the owner, official and (or) other worker of object of VKKR;

c) it was not connected during the checked period and it is not connected during control action by the financial relations with object of VKKR.

The controller shall take measures for prevention of conflict of interest between it and the checked object of VKKR when carrying out external check.

7. Professional competence of the controller consists that:

a) when implementing VKKR it has necessary professional knowledge in the field of auditor activities, financial accounting and skills of carrying out external checks;

b) it constantly supports the specified knowledge and skills up to standard.

8. Due care of the controller consists in timely and exact execution of the obligations provided by this Provision, the program of external check, and also the relevant acts regulating respectively activities of the controller under the organization and implementation of VKKR by him.

II. Requirements to the VKKR organization

9. Under the VKKR organization the subject of VKKR shall provide:

a) systematic carrying out external checks of objects of VKKR;

b) necessary powers of controllers;

c) independence of VKKR of the checked object of VKKR, in particular, in the following questions of the organization and implementation of VKKR: establishments of rules of the organization and implementation of VKKR, financing of VKKR, appointment of controllers and decision making by results of external check;

d) independence of controllers, prevention of emergence of conflict of interest between controllers and the checked object of VKKR, maintaining confidentiality of customer information of object of VKKR;

e) training of controllers in technique of carrying out external checks, control of knowledge and skills of controllers;

e) informing object of VKKR on results of external checks;

g) control of timeliness and completeness of execution by object of VKKR of actions for elimination of the violations and shortcomings revealed by results of external check;

h) application of measures of disciplinary and other impact concerning those objects of VKKR which refuse to pass VKKR including to provide all documentation, necessary for check, and information, do not take necessary actions for elimination of the violations and shortcomings revealed by results of external checks, and also those objects of VKKR of whose work severe violations and shortcomings come to light.

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