NORMATIVE RESOLUTION OF CALCULATING COMMITTEE ON CONTROL OF EXECUTION OF THE REPUBLICAN BUDGET OF THE REPUBLIC OF KAZAKHSTAN

of May 29, 2019 No. 8-HK

About modification of the normative resolution of Calculating committee on control of execution of the republican budget of March 31, 2016 No. 5-HK "About approval of procedural standards of external state audit and financial control"

According to the subitem 2) of Item 2 of article 8 of the Law of the Republic of Kazakhstan of November 12, 2015 "About the state audit and financial control" the Calculating committee on control of execution of the republican budget (further - Calculating committee) DECIDES:

1. Bring in the normative resolution of Calculating committee on control of execution of the republican budget of March 31, 2016 No. 5-HK "About approval of procedural standards of external state audit and financial control" (it is registered in the Register of state registration of regulatory legal acts No. 13647, it is published on May 11, 2016 in the Information system of law of Ad_let) the following change:

To be reworded as follows the procedural standard of external state audit and financial control on carrying out audit of efficiency approved by the specified normative resolution according to appendix to this normative resolution.

2. To provide to legal department in the procedure established by the legislation of the Republic of Kazakhstan:

1) state registration of this normative resolution in the Ministry of Justice of the Republic of Kazakhstan;

2) within ten calendar days from the date of state registration of this normative resolution the direction it in the Kazakh and Russian languages in the Republican state company on the right of economic maintaining "Institute of the legislation and legal information of the Republic of Kazakhstan" the Ministries of Justice of the Republic of Kazakhstan for official publication and inclusion in Reference control bank of regulatory legal acts of the Republic of Kazakhstan;

3) placement of this normative resolution on Internet resource of Calculating committee.

3. To impose control of execution of this normative resolution on the chief of staff of Calculating committee (Abdirayymov H. S.).

4. This normative resolution becomes effective after ten calendar days after day of its first official publication.

Appendix

to the Normative Resolution of Calculating committee on control of execution of the republican budget of the Republic of Kazakhstan of May 29, 2019 No. 8-HK

Appendix 1

to the Normative Resolution of Calculating committee on control of execution of the republican budget of the Republic of Kazakhstan of March 31, 2016 No. 5-HK

100. The procedural standard of external state audit and financial control on carrying out audit of efficiency

Chapter 1. General provisions

1. This Procedural standard of external state audit and financial control (further - the Standard) determines the purpose, tasks, criteria and procedures of audit of efficiency performed by bodies of external state audit and financial control by carrying out audit of efficiency (further - bodies of audit).

2. The standard ISSAI 3000 "Standards and auditing manuals of efficiency based on Audit standards of INTOSAI and practical experience", ISSAI 3100 "Managements on key concepts of audit of efficiency", ISSAI 3200 "Managements on efficiency audit process" is developed according to the regulatory legal acts of the Republic of Kazakhstan regulating questions of external state audit and financial control and based on acceptable provisions of International standards (ISSAI) approved by the International organization of the supreme bodies of audit (INTOSAI) including ISSAI 300 "The basic principles of audit of efficiency".

3. The purpose of the Standard is establishment of single requirements, the audit and analytical procedures which are subject to application in implementation process of functions and tasks of bodies of audit at all stages of carrying out audit of efficiency and also disclosure of features in questions of determination of criteria of audit of efficiency, forming of the conclusions and results included in audit reports.

4. Audit of efficiency is booked regarding ensuring with objects the state audit and financial control (further - objects of the state audit) effective activities for management of national resource.

5. Action of this Standard extend to statutory auditors and experts (auditing organizations, specialists of state bodies and other legal, physical persons involved by bodies of audit in carrying out the state audit on the corresponding profile).

6. In this Standard the following concepts are used:

1) proper nature of the auditor proof - quality evaluation of auditor proofs, their relevance and reliability in case of confirmation of conclusions and the conclusions on which the auditor opinion is based;

2) criteria - reasonable and achievable reference regulations, indicators (standards and (or) good practicians) based on which efficiency of functioning of the studied direction of audit of efficiency or activities of object of the state audit is estimated;

3) basic criteria - indicators (efficiency, profitability, effectiveness and productivity) used when carrying out all types of audit of efficiency regardless of its directions and activities of object of the state audit;

4) special criteria - the disaggregated indicators developed and used for audit of efficiency depending on features of its directions and activities of object of the state audit;

5) auditor documentation - documents in which the performed audit procedures, the obtained auditor evidence, conclusions, recommendations of the statutory auditor and the achieved results of audit of efficiency are reflected;

6) professional judgment and scepticism - the point of view of the statutory auditor based on its knowledge, qualification and work experience which forms the basis for adoption of subjective decisions by it in circumstances when to determine procedure for its actions is not represented possible.

7. Direct result of the audit of efficiency booked by bodies of audit is preparation of high-quality audit opinion, and resulting effect - achievement of positive effect in the studied direction of audit of efficiency or activities of object of the state audit by results of execution of recommendations.

8. Direct and final results are achievable on condition of collection of proper nature of auditor proofs and expression of opinion in audit opinion concerning improvement of performance indicators in the studied direction of audit of efficiency or activities of object of the state audit.

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