Article 14. Competence of the authorized body for internal State Audit of the Law on State Audit and Financial Control

Home / RLA / Article 14. Competence of the authorized body for internal State Audit of the Law on State Audit and Financial Control

Authorized body for internal State Audit:

1) conducts an annual audit of the financial statements of administrators of budget programs, including consolidated financial statements, and government agencies, with the exception of the National Bank of the Republic of Kazakhstan and the authorized body for regulation, control and supervision of the financial market and financial organizations, based on a risk management system;

1-1) engages the internal audit service in coordination with the first head of the central state body, akim of the region, city of republican significance, capital to participate in the annual audit of financial statements of administrators of budget programs, including consolidated financial statements, and government agencies, with the exception of the National Bank of the Republic of Kazakhstan and the authorized body for regulation, control and supervision of the financial market and financial organizations;

2) performs a compliance audit:

expenses related to the adjustment of the feasibility study, financial and economic justification and the estimated cost of budget investments;

the use of funds from the national and local budgets, loans, related grants, state and state-guaranteed loans, as well as loans secured by the state, including compliance with the conditions for obtaining loans from quasi-public sector entities secured and guaranteed by the state, assets of the state and quasi-public sector entities on behalf of the President of the Republic of Kazakhstan, the Government of the Republic of Kazakhstan, deputy requests, as well as based on the results of monitoring the data of the information systems of the central authorized body for budget execution.;

compliance with the conditions and procedures for the transfer of facilities for the purposes of implementing public-private partnerships, providing budget loans, financing the fulfillment of government obligations under public-private partnership projects, government guarantees and government guarantees, as well as their use;

compliance with the conditions and procedures for granting and using government loans in cases stipulated by international treaties of the Republic of Kazakhstan;

compliance with the legislation of the Republic of Kazakhstan on public procurement, state property, accounting and financial reporting, auditing based on the risk management system;

3) carries out desk control in accordance with the procedure established by this Law and the rules for conducting desk control;

3-1) annually reports to the Government of the Republic of Kazakhstan on the results of its activities prior to the approval of the financial statements;

4) in order to coordinate the activities of the internal audit services included in the system of state audit and financial control bodies:

provides methodological and consulting assistance to internal audit services;

develops and approves a model regulation on internal audit services;

analyzes the reporting information of the internal audit services on the conducted state audit and financial control;

Evaluates the effectiveness of the internal audit services;

sends information to the internal audit services on risk objects recommended by the risk management system for conducting state audit and financial control.;

Submits an annual report on the activities of the internal audit services to the Government of the Republic of Kazakhstan;

Monitors compliance by internal audit services with the standards of state audit and financial control and the rules for conducting internal state audit and financial control;

submits proposals to the heads of government agencies on the consideration of the responsibilities of managers, state auditors of internal audit services;

5) organizes activities to confirm the knowledge of candidates for state auditors who will carry out an internal state audit, in accordance with the rules for certification of persons applying for the qualification of a state auditor;

6) organizes activities for the training, retraining and advanced training of state auditors engaged in internal state audit;

7) excluded by the Law of the Republic of Kazakhstan dated 11.01.2018 No. 135-VI (effective ten calendar days after the date of its first official publication);

8) develops and approves, in coordination with the Supreme Audit Chamber, the rules for conducting internal state audit and financial control;

9) develops and approves the rules for conducting desk control;

10) develops and approves a standard risk management system, which is used in the formation of a list of state audit facilities for the relevant year and conducting an internal state audit;

10-1) adopt legal acts in coordination with the Supreme Audit Chamber to coordinate the work of authorized bodies for internal state audit and financial control, including cooperation with other government agencies or organizations.;

11) hears relevant information from officials of state audit facilities on issues related to the conduct of internal state audit;

11-1) develops and approves the rules of electronic internal state audit;

11-2) develops and approves regulatory legal acts of the Republic of Kazakhstan in the field of state audit and financial control in accordance with the purpose and objectives of this Law and the legislation of the Republic of Kazakhstan;

12) exercise other powers provided for by this Law, other laws of the Republic of Kazakhstan, acts of the President of the Republic of Kazakhstan and the Government of the Republic of Kazakhstan.

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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