of May 10, 2016 No. 311
About approval of the Regulations on the organization of internal audit in banks of Ukraine
According to Articles 7, of 15, of 55, 56 Laws of Ukraine "About the National Bank of Ukraine", to Articles 9, of 39, of 45, of 66, 67 Laws of Ukraine "About banks and banking activity", for the purpose of ensuring effective work of division of internal audit of bank, increase in stability of activities of banks and depositor protection and creditors of the Board of the National Bank of Ukraine banks decide:
1. Approve Regulations on the organization of internal audit in banks of Ukraine which are applied.
2. To banks till July 1, 2016 to bring internal documents on the organization of internal audit into accord with requirements of the Regulations on the organization of internal audit in banks of Ukraine.
3. Recognize invalid:
the resolution of Board of the National Bank of Ukraine of March 20, 1998 No. 114 "About approval of the Regulations on the organization of internal audit in commercial banks of Ukraine";
the resolution of Board of the National Bank of Ukraine of March 15, 1999 No. 110 "About modification of the Regulations on the organization of internal audit in commercial banks of Ukraine";
the resolution of Board of the National Bank of Ukraine of December 03, 2001 No. 494 "About approval of Changes in Regulations on the organization of internal audit in commercial banks of Ukraine", registered in the Ministry of Justice of Ukraine on December 20, 2001 at No. 1055/6246;
Item 2 of the resolution of Board of the National Bank of Ukraine of June 19, 2015 No. 392 "About modification of some regulatory legal acts of the National Bank of Ukraine";
Item 1 of the resolution of Board of the National Bank of Ukraine of August 11, 2015 No. 517 "About modification of some regulatory legal acts of the National Bank of Ukraine".
4. To department of methodology (Ivanenko N. V.) to bring contents of this resolution to the attention of banks of Ukraine for use in work.
5. To impose control over the implementation of this resolution on the acting as the vice-chairman of the National Bank of Ukraine Rozhkova K. V.
6. The resolution becomes effective from the date of, its official publication following behind day.
Acting as chairman
Ya. V. Smoly
Approved by the Resolution of Board of the National Bank of Ukraine of May 10, 2016 No. 311
1. This Provision is developed according to the Law of Ukraine "About banks and banking activity" taking into account documents of Basel Committee on Banking Supervision concerning internal audit and corporate management, international standards of professional practice of internal audit.
2. This Provision establishes the mandatory minimum requirements to the organization of internal audit function and its effective activities in bank/branch of foreign bank / to banking group in the territory of Ukraine (further - bank).
3. Terms in this Provision are used in such value:
1) audit inspection (audit) - complex of expert and analytical, estimative, checking and other forms of the actions aimed at providing activities of bank / banking group, connected with acceptance of management decisions by their relevant organs and accomplishment of functions according to normative and legal, administrative, other acts and internal documents, for the purpose of carrying out independent assessment of corporate management processes, risk management and control in bank / to banking group and provisions of recommendations about enhancement of internal control system and minimization of the revealed risks;
2) auditing committee - committee which is created by council of the bank from the list of his members from whom at least one person has practical experience in the sphere of audit, the financial reporting and financial accounting, for ensuring control of implementation of adequate internal control system, forming the politician of internal audit, financial accounting and the financial reporting, carrying out external audit;
3) internal audit - independent, objective activities for provision of confidence and consulting services in assessment of systems and processes of bank which shall bring benefit of bank and improve its activities;
4) the internal auditor - person, authorized to perform internal audit functions of bank;
5) the external auditor - independent auditing firm which according to the legislation of Ukraine, including regulatory legal acts of the National Bank of Ukraine (further - National Bank), the regulations and audit standards approved according to international standards of audit and ethics performs verification of the financial reporting, consolidated financial statements, other information of rather financial and economic activities of bank;
6) division of internal audit (further - division of internal audit / division of internal audit of bank) - structural division of bank (the responsible person of the member of banking group) which provides accomplishment of internal audit functions;
7) the division performing internal audit of banking group - structural division of the responsible person or member of banking group which provides accomplishment of internal audit functions of banking group;
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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