Article 1. The basic concepts used in this Law are the Law on State Audit and Financial Control

Home / RLA / Article 1. The basic concepts used in this Law are the Law on State Audit and Financial Control

The following basic concepts are used in this Law:

1) violations - acts (actions or omissions) that contradict the norms of the legislation of the Republic of Kazakhstan, as well as acts of state audit facilities adopted for their implementation;

2) violation classifier – a document containing a list of types of violations identified during the state audit, indicating the violated legal norms and the corresponding types of liability established by the laws of the Republic of Kazakhstan, as well as ways to eliminate these violations.;

 3) quasi-public sector entities – state-owned enterprises, limited liability partnerships, joint-stock companies, including the National Welfare Fund, national management holdings, national holdings, national companies of which the state is the founder, participant or shareholder, as well as subsidiaries, dependent and other legal entities affiliated with them in accordance with the legislative acts of the Republic of Kazakhstan, the Fund social health insurance, State Social Insurance Fund, non-profit organization, providing conditions for the activities of bodies, their organizations and participants of the Astana International Financial Center;

4) shortcomings – acts (actions or omissions) that create conditions for possible violations (risk of violations);

5) financial control – activities aimed at eliminating violations identified during the state audit;

6) state audit – analysis, assessment and verification of the effectiveness of management and use of budgetary funds, state assets, state audit facilities, related grants, state and state-guaranteed loans, as well as loans secured by the state, including other activities related to budget execution based on a risk management system;

7) objects of state audit and financial control (hereinafter referred to as objects of state audit) – state bodies, state institutions, quasi-public sector entities, as well as recipients of budgetary funds;

8) state auditor – a civil servant who carries out state audit and (or) financial control, who has a certificate of a state auditor.;

8-1) Assistant to the state auditor is a civil servant with professional knowledge in the field of accounting, financial reporting and auditing, and a specialist in another field (field of activity) within the competence of a government agency who has the right to participate in the state audit.;

9) rules of professional ethics of state auditors (hereinafter referred to as the rules of professional ethics) – a single set of ethical rules of conduct for state auditors, developed and approved jointly by the Supreme Audit Chamber of the Republic of Kazakhstan and the authorized body for internal state Audit;

10) electronic state audit is a state audit carried out remotely through the use of information technology.

The Law of the Republic of Kazakhstan dated November 12, 2015 No. 392-V SAM.

This Law regulates public relations related to state audit and financial control, defines the powers and organization of the activities of state audit and financial control bodies.

President

Republic of Kazakhstan

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