LAW OF THE KYRGYZ REPUBLIC

of March 18, 2019 No. 35

About introduction of amendments to the Law of the Kyrgyz Republic "About auditor activities"

Accepted by Jogorku Kenesh of the Kyrgyz Republic on February 6, 2019

Article 1.

Bring in the Law of the Kyrgyz Republic "About auditor activities" (Sheets of Jogorku Kenesh of the Kyrgyz Republic, 2002, No. 10, the Art. 435) the following changes:

1) in Article 1:

a) 1 after the words "Auditor Activities" to add part with words "(auditor services)";

b) state part 2 in the following edition:

"The purpose of audit is increase in degree of confidence of users in reliability of the financial reporting in all its essential aspects according to applicable bases of accounts presentation.";

c) state part 6 in the following edition:

"Auditing organizations and individual auditors are forbidden to be engaged in any other business activity, except carrying out audit and rendering the services provided by this Article.

Auditing organizations and individual auditors along with auditor services can render the services connected with auditor activities including:

- statement, recovery and conducting financial accounting, creation of accounting (financial) records, accounting consultation;

- tax consultation, including statement, recovery and conducting tax accounting, creation of tax calculations and declarations;

- analysis of financial and economic organization activity and individual entrepreneurs, economic and financial consultation;

- the managerial consultation including connected with reorganization of the organizations or their privatization;

- audit of information systems;

- estimative activities according to requirements of the International accounting standard and the International standard of audit;

- the services connected with internal audit;

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info