of August 13, 2004 No. 117
About Audit Chamber of the Kyrgyz Republic
Accepted by General Court of Jogorku Kenesh of the Kyrgyz Republic on June 24, 2004
This Law determines the status, the purposes, tasks, the principles, functions, powers, the rights and obligations of Audit Chamber of the Kyrgyz Republic.
The state audit - activities of public authority for audit over management of the state resources (financial, material and others) which purpose is efficiency of use of public funds and property, reliability of creation of the financial reporting and conducting financial accounting, prevention of violations of financial discipline.
Audit - provision of independent and professional evaluation, and also the report on reliability and reliability of information prepared by the audited subject.
Audit types - financial audit, audit on compliance and audit of efficiency.
Financial audit - the studying and the analysis of the financial reporting and accounting system of object of audit allowing the auditor to express opinion that all financial reporting is prepared according to requirements of the legislation and accounting standards.
Audit on compliance - observance assessment by object of audit of the legislation regulating its activities.
Efficiency audit - studying and the analysis of activities of object of audit regarding economy, productivity and effectiveness.
External audit - the independent function of the supreme body of the state audit designed to perform audit of the reporting of the Government of the Kyrgyz Republic, efficiency of its activities including audit of efficiency of internal audit.
Internal audit - the independent and objective function which is carried out in object of internal audit, including the analysis, assessment and monitoring of adequacy and system effectiveness of internal control, reliability and reliability of financial and management information; effectiveness, profitability and efficiency of activities and management, safety of assets and compliance with law of the Kyrgyz Republic.
Preliminary research - receipt of statistical, financial and accounting records before receipt of powers on carrying out audit.
The member of Audit Chamber - the auditor of Audit Chamber - the state position with certain duties on execution and ensuring the powers of Audit Chamber established by this Law.
Extrabudgetary funds - 1) the money of the state which is not included in republican and local budgets and used for certain purpose; 2) the means which are at the disposal of the organization and organization, allocated not from republican and local budgets, and created at the expense of other sources.
Special means - the means received by budgetary institutions in addition to the assignments allocated from republican and local budgets of the Kyrgyz Republic. Special means is income of budgetary institutions gained from sales of products, performance of works, rendering services or implementation of other activities.
Inappropriate use of means - expenditure of means from republican and local budgets, and also extrabudgetary and special funds not to destination.
Inefficient use of means - irrational, uneconomical, unproductive use of means from republican and local budgets, and also extrabudgetary and special funds.
Operating activities - activities of the companies, organizations and organizations which are source of its cash receipts.
Financial discipline - obligatory for all subjects of economic activity and their officials the procedure connected with use of public funds.
Big share of the state and/or municipal participation - the state and/or municipal participation constituting 51 percent and more in the companies and the organizations with private and other pattern of ownership.
Powers, the organization and procedure for activities of Audit Chamber of the Kyrgyz Republic (further - Audit Chamber) are determined by the Constitution of the Kyrgyz Republic, this Law, other laws and other regulatory legal acts of the Kyrgyz Republic.
The questions concerning carrying out internal audit in state bodies and organizations are regulated by the Law of the Kyrgyz Republic "About internal audit".
In the activities the Audit Chamber applies regulations of the international treaties and agreements which became effective in the procedure established by the law which participant is the Kyrgyz Republic. If the international treaties or agreements which became effective in the procedure established by the law which participant is the Kyrgyz Republic establish other rules, than those which contain in this Law are applied rules of international treaties and agreements.
Audit Chamber on the internal matters of the activities which are not settled by the legislation of the Kyrgyz Republic having the right to accept the Regulations of Audit Chamber which are not contradicting the legislation of the Kyrgyz Republic.
The Audit Chamber is the independent supreme body of the state audit.
The Audit Chamber is legal entity, has seal with the image of the State Emblem of the Kyrgyz Republic with the name and own symbolics.
The permanent residence of Audit Chamber is the capital of the Kyrgyz Republic the city of Bishkek.
The Audit Chamber has the territorial subdivisions. The organization and activities of territorial subdivisions is regulated by the legislation on Audit Chamber.
In the activities the Audit Chamber is accountable to the President of the Kyrgyz Republic and Jogorku Kenesh of the Kyrgyz Republic.
Main objective of activities of Audit Chamber is audit and audit of efficiency: assessment of execution of the republican budget, creation and execution of the local budget, extrabudgetary and special funds, uses of the state-owned and municipal property, providing and implementation of international standards of the state audit.
Powers of Audit Chamber act only on the territory of the Kyrgyz Republic. Exceptions constitute audit and audit of efficiency of the state organizations operating abroad.
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The document ceased to be valid since June 6, 2023 according to article 37 of the Constitutional Law of the Kyrgyz Republic of May 31, 2023 No. 114