ORDER OF THE GOVERNMENT OF THE REPUBLIC OF TAJIKISTAN

of May 2, 2013 No. 202

About approval of Strategy of implementation of international accounting standards and international standards of audit in the Republic of Tajikistan for 2013 - 2018

According to Article 6 (1) the Law of the Republic of Tajikistan "About the state forecasts, - concepts, strategy and programs it is social - economic development of the Republic of Tajikistan" the Government of the Republic of Tajikistan decides:

1. Approve the Strategy of implementation of international accounting standards and international standards of audit in the Republic of Tajikistan for 2013 - 2018 it (is applied).

2. To assign control of execution of Strategy of implementation of international accounting standards and international standards of audit in the Republic of Tajikistan for 2013 - 2018 to the Ministry of Finance of the Republic of Tajikistan.

3. To provide to the ministries, departments and state bodies involved in process of implementation of international accounting standards and international standards of audit accomplishment of Strategy of implementation of international accounting standards and international standards of audit in the Republic of Tajikistan for 2013 - 2018, and annually till December 1 to represent data on the held events to the Ministry of Finance of the Republic of Tajikistan.

4. Annually till December 15 to provide to the Ministry of Finance of the Republic of Tajikistan in the Government of the Republic of Tajikistan information on the course of accomplishment of this Strategy.

Approved by the Order of the Government of the Republic of Tajikistan of May 2, 2013 No. 202

Strategy for implementation of International accounting standards and International standards of audit in the Republic of Tajikistan for 2013 - 2018

I. Introduction

1. Strategy for implementation of International accounting standards and International standards of audit in the Republic of Tajikistan for 2013 - 2018 (further - Strategy) is the conceptual document determining priorities of development of financial accounting and audit in the Republic of Tajikistan and establishing necessary measures and actions for achievement of these priorities.

2. Development of Strategy is continuation of steps in the reform of financial accounting begun by the Government of the Republic of Tajikistan in 2002 and is intended to create favorable business environment for further development of national economy through:

- enhancement of the legislation of financial accounting and audit;

- strengthening of professional potential of specialists of the state bodies involved in process of implementation of International accounting standards and International standards of audit;

- development of the professional organizations of accountants and auditors;

- improvement of quality of training programs of Higher educational institutions of the Republic of Tajikistan.

3. Implementation of International accounting standards and International standards of audit in the Republic of Tajikistan will lead to improvement of quality of accounting information, its transparency and clearness, ensuring the guaranteed access to it to the interested users that, in turn, will give the following benefits:

- strengthening of financial stability of the country and reduction of risks of emergence of crises in the financial market;

- providing requirements World trade organizations and other international consortiums of free trade;

- decrease in growth of shadow economy, illegal transactions and corruption of transactions;

- simplification of decision making process from the shareholders managing the company and partners;

- creating favorable conditions for assessment and adoption of reasonable decisions by investors on perspectives of development of subjects and attraction of direct foreign investments;

- growth of budget incomes by means of receipt of taxes;

- possibilities of access for subjects to the credits with low interests.

4. In case of development of Strategy all comments and recommendations offered by the projects in the field which are carried out in recent years and experience of the countries of the former Soviet Union in development of similar documents are taken into account.

1. Economic analysis and assessment of the current situation of implementation of International accounting standards and International standards of audit

1. Assessment of the current situation of implementation of International accounting standards and International standards of audit.

In case of assessment of the current situation the material prepared by the World Bank in December, 2009 within the report on observance of standards and codes was used.

2. Assessment of condition of application of International accounting standards by economic actors of the Republic of Tajikistan

1. Transition of the Republic of Tajikistan to the new economic relations, opennesses of economy and entry into system of world managing in the late nineties demanded of last century changes of the existing system of financial accounting and control of business entities of the Republic. Formation of new forms of business of the companies on the basis of private property (joint-stock companies, limited liability companies, joint businesses, individual entrepreneurship) determined need of transition to transparent and reliable forms of accounting for a wide range of users.

Macroeconomic stability in Tajikistan was established since the end of the 90th years, and for the period 1999 - 2009 the gross domestic product growth accepted steady nature and in year averaged 8.3%. export increased, taxation increased.

The table of the main indicators of macroeconomic development of Tajikistan for 2002 - 2012 is given below:

+----------+----+----+----+----+----+----+----+----+----+----+--------
|Наименова-|    |    |    |    |    |    |    |    |    |    |       |
|ние пока- |    |    |    |    |    |    |    |    |    |    |       |
|зателей   |2002|2003|2004|2005|2006|2007|2008|2009|2010|2011|2012   |
+----------+----+----+----+----+----+----+----+----+----+----+-------+
|Номиналь- |337 |476 |616 |720 |933 |1280|1770|206 |2470|3006|36161,1|
|ный Вало- |5,3 |1,4 |7,2 |6,6 |5,2 |4,4 |6,9 |28,5|7,1 |9,3 |       |
|вый внут- |    |    |    |    |    |    |    |    |    |    |       |
|ренний    |    |    |    |    |    |    |    |    |    |    |       |
|продукт   |    |    |    |    |    |    |    |    |    |    |       |
|(в млн.   |    |    |    |    |    |    |    |    |    |    |       |
|сомони)   |    |    |    |    |    |    |    |    |    |    |       |
+----------+----+----+----+----+----+----+----+----+----+----+-------+
|Прирост   |    |    |    |    |    |    |    |    |    |    |       |
|Валового  |    |    |    |    |    |    |    |    |    |    |       |
|внутренне-|    |    |    |    |    |    |    |    |    |    |       |
|го продук-|    |    |    |    |    |    |    |    |    |    |       |
|та (в про-|    |    |    |    |    |    |    |    |    |    |       |
|центах)   |10,8|11,0|10,3|6,7 |7,0 |7,8 |7,9 |3,9 |6,5 |7,4 |7,5    |
+----------+----+----+----+----+----+----+----+----+----+----+-------+
|Инфляция  |    |    |    |    |    |    |    |    |    |    |       |
|(в процен-|    |    |    |    |    |    |    |    |    |    |       |
|тах, на   |    |    |    |    |    |    |    |    |    |    |       |
|конец     |    |    |    |    |    |    |    |    |    |    |       |
|года)     |14,5|13,7|5,7 |7,1 |16,7|28,5|11,8|5,0 |9,8 |9,3 |6,4    |
+----------+----+----+----+----+----+----+----+----+----+----+-------+

The table shows that indicators of relative gross domestic product growth considerably decreased in 2009 that is connected with the global financial crisis, nevertheless, the gross internal product systematically grows. Also the structure of gross domestic product in the field of services changed towards increase that can be observed from the following table:

+----------+----+----+----+----+----+----+----+----+----+----+--------
|Наименова-|    |    |    |    |    |    |    |    |    |    |       |
|ние пока- |    |    |    |    |    |    |    |    |    |    |       |
|зателя   |2002|2003|2004|2005|2006|2007|2008|2009|2010|2011|2012   |
+----------+----+----+----+----+----+----+----+----+----+----+-------+
|Производ- |57,7|57,6|50,5|48,9|49,0|46,1|44,5|43,3|44,6|40,0|45,7   |
|ство то-  |    |    |    |    |    |    |    |    

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