Regulatory Alerts2022-06-30
Decision No 138 of 30 June 2022 on criteria for audit companies to qualify as internationally renowned
The Executive Board of the National Bank of Moldova issued Decision No 138 to establish cumulative criteria for audit companies seeking qualification as internationally renowned entities under Law No 202/2017. The regulation mandates that qualifying firms must hold valid registration, belong to networks ranked by the IASB based on turnover and client size, and demonstrate specific recent audit experience with public-interest entities and banks. Additionally, the decision requires strict conflict-of-interest checks for all personnel over the past three years and mandates that staff possess specialized valuation certificates from recognized international bodies.
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