Article 20. The rights and obligations of auditors The Law on Auditing

Home / RLA / Article 20. The rights and obligations of auditors The Law on Auditing

1. Auditors may:

1) to obtain and verify the necessary accounting and other financial and business documentation of the audited entity in order to fulfill the terms of the contract for conducting an audit, tax audit, and special purpose audit of quasi-public sector entities;

1-1) join a professional organization;

2) receive oral and written explanations from the officials of the audited entity on the issues that arose during the audit;

3) appeal the decision of professional organizations in court.

2. Auditors are required to:

1) comply with the legislation of the Republic of Kazakhstan on auditing, auditing standards, Code of Ethics;

1-1) take advanced training courses for auditors in accordance with the requirements of the rules for advanced training of auditors and receive a certificate of completion of advanced training courses for auditors;

2) not to disclose commercial secrets, except in cases stipulated by the laws of the Republic of Kazakhstan;

3) provide the audited entity with information on identified violations in accounting, financial reporting and other information related to financial reporting;

4) to inform the head of the auditing organization of which he is a member, information in accordance with the legislation of the Republic of Kazakhstan on countering the legalization (laundering) of proceeds from crime, financing of terrorism and financing the proliferation of weapons of mass destruction.

5) to inform the head of the auditing organization to which he is a participant of information in accordance with the Law of the Republic of Kazakhstan "On the return of illegally acquired assets to the State", including information constituting a commercial secret.

The Law of the Republic of Kazakhstan dated November 20, 1998 No. 304.

 This Law regulates the relations that arise between government agencies, individuals and legal entities, auditors, audit organizations, professional audit organizations and the professional audit council in the process of auditing activities in the Republic of Kazakhstan.

President

Republic of Kazakhstan

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