RESOLUTION OF THE MINISTRY OF FINANCE OF THE REPUBLIC OF BELARUS

of January 14, 2021 No. 6

About change of resolutions of the Ministry of Finance of the Republic of Belarus

Based on the paragraph of third of part one of Item 5 of article 5 of the Law of the Republic of Belarus of July 12, 2013 No. 56-Z "About auditor activities", Item 10 of the Regulations on the Ministry of Finance of the Republic of Belarus approved by the resolution of Council of Ministers of the Republic of Belarus of October 31, 2001 No. 1585, the Ministry of Finance of the Republic of Belarus DECIDES:

1. Make changes to the following resolutions of the Ministry of Finance of the Republic of Belarus:

1.1. in the resolution of the Ministry of Finance of the Republic of Belarus of August 4, 2000 No. 81 "About approval of national rules of auditor activities":

in appendix to the national rules of auditor activities "Audit planning" approved by this resolution:

in the paragraph the second Item 5 "funds" to replace the word with the word "capitals";

in Item 6:

in paragraph six of the word "with the budget" shall be replaced with words "on taxes and fees";

to exclude from the paragraph of the eighth word "with employees of the organization";

in Item 12:

in the paragraph the second to replace the word of "fund" with the word of "capital";

in paragraph three to replace the word of "funds" with the word of "capitals";

in Item 13:

the fifth to add the paragraph with the words "and its compliance to data of the accounting and (or) financial reporting";

to add the paragraph of the sixth after the word "analysis" with words "solvency ratios and";

word in paragraph eight of "ecological factors" shall be replaced with words "the non-compliance facts the audited face of the legislation on environmental protection (in case of their identification)";

in the national rules of auditor activities "Audit documentation" approved by this resolution:

in Item 9 part two:

the second or fourth to state paragraphs in the following edition:

"the declaration letter of management of the audited face;

copy of the document package consisting of originals of audit opinion and the accounting and (or) financial reporting of the audited face attached to it concerning which the auditor opinion, with list of the receiver of audit opinion was expressed;

the report on results of audit with list of the receiver of the report;";

the second Item 12 after the paragraph of the fourth to add part with paragraphs of the following content:

"results of accomplishment of audit procedures concerning key questions of audit;

results of accomplishment of the audit procedures directed to assessment of capability of the audited face to continue the activities continuously;

results of accomplishment of audit procedures concerning the analysis of events after reporting date;

assessment of degree of materiality of not eliminated misstatements revealed during audit;

results of risk assessment of essential misstatement of the accounting and (or) financial reporting as a result of unfair actions of workers and (or) managements of the audited face;";

in Item 13:

the paragraph one to add with words "which will provide own accountability for the performed works and will facilitate conducting investigations of cases of discrepancies or discrepancies";

the fourth to state the paragraph in the following edition:

"for the procedures assuming application of systematic selection of sample units from set of documents - data on the checked set, the initial document (initial point) and interval of selection, data on the created selection;";

after the paragraph of the fourth to add Item with the paragraph of the following content:

"for the procedures assuming application of unsystematic selection of sample units - the description of essence of the professional judgment applied in case of selection of elements, its reasons, data on the checked set and the created selection;";

state Item 17 in the following edition:

"17. In case of documentation of nature, terms and amount of the performed audit procedures in working documentation shall be fixed:

distinctive characteristics of the tested Articles of the accounting and (or) financial reporting or questions considered during audit;

the purpose and nature of the performed audit procedures;

procedure for the organization and conducting testing according to the national rules of auditor activities "Selective method and other methods of testing in audit" approved by the resolution of the Ministry of Finance of the Republic of Belarus of July 9, 2001 No. 77;

who performed audit procedure, with indication of date for which such procedure was complete;

who checked accomplishment of audit procedure, with indication of date and amount of the procedure of check.

Verification of working documents is performed according to the procedure, determined by auditing organization in internal regulations of auditor activities of auditing organization according to which the auditing organization performs internal quality evaluation of work of auditors when rendering auditor services.";

add Item 18 with part of the following content:

"Responsibility for preparation of working documentation is born by the head of task.";

add Item 19 with part of the following content:

"Responsibility for safety of working documentation is born by the head of auditing organization or person authorized by it.";

exclude Item 22;

1.2. in the resolution of the Ministry of Finance of the Republic of Belarus of October 26, 2000 No. 114 "About approval of national rules of auditor activities":

in the national rules of auditor activities "Purposes and general auditing principles of the accounting and (or) financial reporting" approved by this resolution:

add Item 1 with part of the following content:

"Provisions of these national rules are also applied in case of accomplishment of the special audit engagements and other audit engagements providing confidence taking into account specifics of the specific audit engagement.";

in the paragraph the second Item 15 of the word "compliance with requirements of the legislation and professional requirements" shall be replaced with words "the audit course";

in paragraph three of Item 29 of the word of "estimative values" shall be replaced with words "the accounting estimates requiring application of professional judgment in case of their calculation for lack of exact methods of their determination";

in part three of Item 34 and the paragraph the fourth Item 35 "same" to replace the word with the word of "economic";

in Items 40 and 41 "uncorrected" to replace the word with the word of "not eliminated";

44, of Item 45 and Item 47 "same" to exclude the word from the paragraph of the third Item;

in Item 49:

in part two:

"same" to exclude the word;

shall be replaced with words words of "estimative values" "accounting estimates";

to exclude the word of "straight line" from part three;

Item 54 in paragraph three to replace the word "uncorrected" with the word "not eliminated";

Item 55 in paragraph one to replace the word "Acceptable" with the word "Applicable";

in paragraph six of part two of Item 57 of the word of "estimative indicators" shall be replaced with words "the accounting estimates requiring application of professional judgment in case of their calculation for lack of exact methods of their determination";

in part two of Item 58 of the word "Audit Opinion according to the Special Audit Engagement" shall be replaced with words "The special audit engagements and other tasks providing confidence";

in the national rules of auditor activities "Auditor proofs" approved by this resolution:

in Items 4, of 11, of 13, paragraph one of subitem 14.1 of Item 14, Item 15, the paragraph the fourth Item 16 and Item 19 "same" to replace the word with the word of "economic";

1.3. in the resolution of the Ministry of Finance of the Republic of Belarus of February 7, 2001 No. 9 "About approval of regulatory legal acts":

state the name in the following edition:

"About approval of national rules of auditor activities";

to state preamble, Items 1 and 2 in the following edition:

"Based on the paragraph of third of part one of Item 5 of article 5 of the Law of the Republic of Belarus of July 12, 2013 No. 56-Z "About auditor activities", Item 10 of the Regulations on the Ministry of Finance of the Republic of Belarus approved by the resolution of Council of Ministers of the Republic of Belarus of October 31, 2001 No. 1585, the Ministry of Finance of the Republic of Belarus DECIDES:

1. Approve national rules of auditor activities "Use of results of work of internal audit" (are applied).

2. Approve national rules of auditor activities "Analytical procedures" (are attached).";

in national rules of auditor activities "Use of the results of work of internal audit" approved by this resolution:

in Item 1 of the word "Rules" and "accounting (financial)" to replace respectively with the words "national rules" and "accounting and (or) financial";

Item 2 in paragraph one the word "Governed" shall be replaced with words "national rules";

in the national rules of auditor activities "Analytical procedures" approved by this resolution:

in Item 1 of the word "Rules" and "accounting (financial)" to replace respectively with the words "national rules" and "accounting and (or) financial";

Item 2 in paragraph one the word "Governed" shall be replaced with words "national rules";

in paragraph six of Item 6 of the word "accounting (financial)" shall be replaced with words "accounting and (or) financial";

in Item 8 of the word of "reporting" and "accounting (financial) records" shall be replaced with words "the accounting and (or) financial reporting";

in Item 9:

in part one:

in paragraphs the second or fourth "accounting (financial)" shall be replaced with words words "accounting and (or) financial";

in paragraph six "accounting" shall be replaced with words the word "accounting and (or) financial";

in parts of the second or fourth of the word "accounting (financial)" shall be replaced with words "accounting and (or) financial";

1.4. in the resolution of the Ministry of Finance of the Republic of Belarus of March 6, 2001 No. 24 "About approval of regulatory legal act":

state the name in the following edition:

"About approval of national rules of auditor activities "Materiality in audit";

to state preamble and Item 1 in the following edition:

"Based on the paragraph of third of part one of Item 5 of article 5 of the Law of the Republic of Belarus of July 12, 2013 No. 56-Z "About auditor activities", Item 10 of the Regulations on the Ministry of Finance of the Republic of Belarus approved by the resolution of Council of Ministers of the Republic of Belarus of October 31, 2001 No. 1585, the Ministry of Finance of the Republic of Belarus DECIDES:

Approve national rules of auditor activities "Materiality in audit" (are applied).";

in the national rules of auditor activities "Materiality in audit" approved by this resolution:

in the text of national rules of the word "accounting (financial)" shall be replaced with words "accounting and (or) financial" in the corresponding case;

in Item 1 and paragraph one of Item 3 the word "Governed" shall be replaced with words "national rules";

Item 2 in paragraph one "Governed" shall be replaced with words the word "national rules";

in item 4 the word "Rules" shall be replaced with words "national rules";

to exclude parts three of Item 9 of the word "Republic of Belarus" from paragraphs of first and third;

in Item 13 part two "same" to replace the word with the word of "economic";

in Item 17 "uncorrected" to replace the word with the word of "not eliminated";

in Item 18:

in paragraph one "uncorrected" to replace the word with the word of "not eliminated";

in the paragraph the second to replace the word "uncorrected" with the word "not eliminated";

in Item 20:

"uncorrected" to replace the word with the word of "not eliminated";

words" (National legal Internet portal of the Republic of Belarus, 22.07. 8/32241)" to exclude 2017,;

in Item 21 of the word "uncorrected" and "uncorrected" to replace respectively with words "not eliminated" and "not eliminated";

from Item 22 of the word" (2006, No. 61, 8/14278)" to exclude the national register of legal acts of the Republic of Belarus;

1.5. in the resolution of the Ministry of Finance of the Republic of Belarus of July 9, 2001 No. 77 "About approval of national rules of auditor activities":

state the name in the following edition:

"About approval of national rules of auditor activities "Selective method and other methods of testing in audit";

state preamble in the following edition:

"Based on the paragraph of third of part one of Item 5 of article 5 of the Law of the Republic of Belarus of July 12, 2013 No. 56-Z "About auditor activities", Item 10 of the Regulations on the Ministry of Finance of the Republic of Belarus approved by the resolution of Council of Ministers of the Republic of Belarus of October 31, 2001 No. 1585, the Ministry of Finance of the Republic of Belarus DECIDES:";

state Item 2 in the following edition:

"2. Approve national rules of auditor activities "The selective method and other methods of testing in audit" (are applied).";

in the national rules of auditor activities "Selective method and other methods of testing in audit" approved by this resolution:

in Item 1 of the word "Rules" and "accounting (financial)" to replace respectively with the words "national rules" and "accounting and (or) financial";

Item 2 in paragraph one "Governed" shall be replaced with words the word "national rules";

4, of Item 11, 13, parts four of Item 24 and part three of Item 25 the word "same" to exclude Item parts one from Item part one;

in Item 16 part three:

"same" to exclude the word;

shall be replaced with words the words "accounting (financial)" "accounting and (or) financial";

to exclude from part one of Item 17 of the word "to these rules";

in the paragraph the second 21, the paragraph the second parts two of Item 27 and appendix 2 to these national rules of the word "accounting (financial)" shall be replaced with words Item parts one "accounting and (or) financial";

the fourth Item 29 after the word "obtaining" to add the paragraph with words of "auditor proofs";

1.6. in the resolution of the Ministry of Finance of the Republic of Belarus of December 18, 2001 No. 123 "About approval of national rules of auditor activities":

state the name in the following edition:

"About approval of national rules of auditor activities "Use of results of work of the expert";

to state preamble and the deciding part in the following edition:

"Based on the paragraph of third of part one of Item 5 of article 5 of the Law of the Republic of Belarus of July 12, 2013 No. 56-Z "About auditor activities", Item 10 of the Regulations on the Ministry of Finance of the Republic of Belarus approved by the resolution of Council of Ministers of the Republic of Belarus of October 31, 2001 No. 1585, the Ministry of Finance of the Republic of Belarus DECIDES:

Approve national rules of auditor activities "Use of results of work of the expert" (are applied).";

in national rules of auditor activities "Use of the results of work of the expert" approved by this resolution:

in Item 1 of the word "Rules" and "accounting (financial)" to replace respectively with the words "national rules" and "accounting and (or) financial";

Item 2 in paragraph one the word "Governed" shall be replaced with words "national rules";

from Item 12 of the word "About Approval of Regulatory Legal Acts" (National register of legal acts of the Republic of Belarus, 2000, No. 114, 8/4360; 2010, 40, 8/21880)" to exclude No.;

to exclude from paragraph two of Item 13 of the word "Republic of Belarus";

1.7. in the resolution of the Ministry of Finance of the Republic of Belarus of January 23, 2002 No. 8 "About approval of national rules of auditor activities":

state Item 2 in the following edition:

"2. Approve national rules of auditor activities "The special audit engagements and other tasks providing confidence" (are attached).";

the national rules of auditor activities "Internal quality evaluation of work of auditors" approved by this resolution to be reworded as follows (are attached);

in the national rules of auditor activities "Audit opinion according to the special audit engagement" approved by this resolution:

state the name in the following edition:

"National rules of auditor activities "The special audit engagements and other tasks providing confidence";

add Item 1 with words ", and also to the documents constituted by results of accomplishment of other audit engagements providing confidence (further - the tasks providing confidence)";

in Item 2:

in the paragraph the second "object" to replace the word with the word "subject";

after paragraph two to add Item with the paragraph of the following content:

"resulting documents of the tasks providing confidence, - the documents constituted by auditing organization by results of task performance, providing confidence, containing the opinion of auditing organization on task subject expressed in the established form;";

after the paragraph of the fourth to add Item with the paragraph of the following content:

"subject of the task providing confidence - information concerning which quantitative or quality assessment with use of criteria, applicable according to the purpose of task, which can represent the control indicators used for task subject assessment is carried out or to be formal, in particular to be requirements of the legislation, local legal acts or internal documents of the audited face;";

add Item with part of the following content:

"The terms "head of task" and "audit engagements" have the values determined by the national rules of auditor activities "Internal quality evaluation of work of auditors" approved by the resolution which approved these national rules.";

to add paragraph two of Item 3 with the words "and to resulting documents of the tasks providing confidence";

to add the name of Chapter 2 with the words "and to resulting documents of the tasks providing confidence";

in item 4:

in part one:

after the word "tasks" to add part with the words "and the task providing confidence";

to exclude words of "financial information";

the second after the paragraph of third to add part with the paragraph of the following content:

"target use of the funds raised on construction of facilities of shared-equity construction;";

in part four:

the third and fourth to state paragraphs in the following edition:

"confirmation of values of financial stability regarding reliability of their calculation and data based on which they are calculated;

confirmation of observance of the requirement about implementation by builders (customers) of construction of premises with attraction of money of physical persons with size of profit no more than 5 percent from the estimated cost of premises determined in current prices;";

add part with the paragraph of the following content:

"other subject of the special audit engagement.";

add Item with part of the following content:

"The task providing confidence can be issued on:

efficiency evaluation of functioning of internal control systems of the audited face;

diagnostic assessment of system of internal quality evaluation;

internal quality evaluation of accomplishment of the audit engagement;

carrying out internal monitoring;

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