Regulatory Alerts2015-10-14 | 117473Regulation on Minimum Requirements for External Audit of Microfinance Organizations in the Kyrgyz Republic
The National Bank of the Kyrgyz Republic issued this regulation to establish minimum requirements for the external audit of microfinance organizations, including microcredit companies and agencies. It mandates annual audits for entities meeting specific asset or borrower thresholds and defines strict independence, qualification, and reporting standards for external auditors. The document further outlines procedures for auditor selection, submission of audit reports to the regulator, and conditions under which the National Bank may reject findings and require a repeat audit.
Share