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The document ceased to be valid since   February 12, 2019 according to the Order of the Ministry of Finance of the Russian Federation of January 9, 2019 No. 2n

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Ministry of Justice

Russian Federation

On November 17, 2016 No. 44354

ORDER OF THE MINISTRY OF FINANCE OF THE RUSSIAN FEDERATION

of November 9, 2016 No. 207n

About enforcement of international standards of audit in the territory of the Russian Federation

According to Regulations on recognition of international standards of audit subject to application in the territory of the Russian Federation, the approved order of the Government of the Russian Federation of June 11, 2015 No. 576 (The Russian Federation Code, 2015, to No. 25, of the Art. 3659), I order:

1. Enact in the territory of the Russian Federation:

1) International standard of audit 210 "Coordination of conditions of audit engagements" (appendix No. 1);

2) International standard of audit 220 "Quality control in case of carrying out financial records audit" (appendix No. 2);

3) International standard of audit 230 "Auditor documentation" (appendix No. 3);

4) the International standard of audit 260 (reviewed) "Information exchange with persons who are responsible for corporate management" (appendix No. 4);

5) the International standard of audit 510 "The audit engagements which are carried out for the first time: remaining balance at the beginning of the period" (appendix No. 5);

6) the International standard of audit 540 "Audit of estimative values, including assessment of fair value, and the corresponding disclosure of information" (appendix No. 6);

7) the International standard of audit 570 (reviewed) "Going concern" (appendix No. 7);

8) International standard of audit 580th "Written applications" (appendix No. 8);

9) the International standard of audit 600 "Features of financial records audit of group (including work of auditors of components)" (appendix No. 9);

10) the International standard of audit 700 (reviewed) "Forming of opinion and creation of the conclusion about the financial reporting" (appendix No. 10);

11) International standard of audit 701 "Informing on key questions of audit in audit opinion" (appendix No. 11);

12) the International standard of audit 705 (reviewed) "The modified opinion in audit opinion" (appendix No. 12);

13) the International standard of audit 706 (reviewed) "the Sections "Important Circumstances" and "Other Data" in audit opinion" (appendix No. 13);

14) the International standard of audit 710 "Comparative information - comparable indicators and the comparative financial reporting" (appendix No. 14);

15) the International standard of audit 720 (reviewed) "The auditor's obligations relating to other information" (appendix No. 15);

16) the International standard of audit 800 "The feature of financial records audit prepared according to the concept of special purpose" (appendix No. 16);

17) International standard of audit 805 of "Feature of audit of separate reports of the financial reporting and separate elements, groups of Articles or financial statement line items" (appendix No. 17);

18) the International standard of audit 810 of "Task on provision of the conclusion about the generalized financial reporting" (appendix No. 18).

2. Determine that the international standards of audit specified in Item 1 of this order:

become effective in the territory of the Russian Federation from the date of their official publication;

are applied since the year following after year in which became effective in the territory of the Russian Federation;

are applied to carrying out audit of the accounting (financial) records constituted for any accounting periods.

3. Determine that in 2017 if the auditing contract of accounting (financial) records of the organization was signed till January 1, 2017, the auditing organization, the individual auditor has the right to book audit of accounting (financial) records, including to constitute audit opinion, under such agreement according to the standards of auditor activities existing before entry into force of the international standards of audit specified in Item 1 of this order.

Minister

A. G. Siluanov

 

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