NCE "Atameken" proposes to introduce the institute of self-regulation of audit activity
The National Chamber of Entrepreneurs of the Republic of Kazakhstan announces a public discussion on alternative analysis of regulatory impact on self-regulation of audit activities based on mandatory membership. An alternative analysis of regulatory impact has shown that the most effective way to further regulate auditing is to introduce self-regulation based on mandatory membership. The introduction of the institution of self-regulation has the following advantages: reduction of the state authorization instrument by delegating the function to the professional community; Increase the competitiveness of entrepreneurs due to the multiplicity of SROs and the evaluation of their activities by the state and consumers of audit services. The SRO is subject to annual audit, and there is a rotation of the SRO executive body every 3 years. Introduction of a rating system for assessing the activities of SROs as a main element of competitiveness, as well as strengthening the relationship of SROs with consumers of services (the level of reputation is affected by complaints against SRO members, disciplinary, administrative and criminal liability of SRO members, adherence to the SRO members' and the results of SRO inspections, etc.); the development of the institution of pre-judicial regulation through the imposition of property liability of SRO members along with the liability provided for in civil procedure; improvement of standardization issues. Qualitative transition to international standards. The SRO obligatorily agrees standards and rules with the Ministry of Finance, MNE and NCE; an effective monitoring and oversight mechanism. Effective fight against dishonest auditors. The highest responsibility is the exclusion from the SRO, as a ban on the implementation of professional activities. At the same time, the state control over the SRO is intensified with the application of measures in relation to it for the responsibility for poor-quality work (warning, order for re-election of the SRO staff, suspension, exclusion from the SRO registry, initiation of ARVs for return to licensing). The proposed model of the National Chamber of Entrepreneurs of the RK can be found here. You can send your suggestions and comments on the proposed model by 12.04.2017 to a.turezhanov@palata.kz or by phone. +7 7172 91 93 55.
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