CVM Instruction No. 145 (Revoked)

CVM INSTRUCTION NO. 145, OF MAY 10, 1991

Establishes the technical standards for independent auditing to be observed by independent auditors registered with the Securities and Exchange Commission (CVM), complementing the provisions contained in CVM Instructions No. 04/78 and 38/84, of October 24, 1978, and September 13, 1984, respectively.

THE BOARD OF DIRECTORS OF THE SECURITIES AND EXCHANGE COMMISSION makes public that, in a meeting held on May 10, 1991, based on Articles 1, item V, 22, sole paragraph, items IV, and 26, paragraphs 1 and 2, of Law No. 6,385, of December 7, 1976, and considering the provisions of Article 177, paragraph 3, of Law No. 6,404, of December 15, 1976, resolved to issue the following Instruction:

Art. 1 The Independent Auditor, registered with the Securities and Exchange Commission - CVM to exercise their activity within the scope of the securities market, must comply, personally and through their legal representatives, and ensure compliance by their employees and agents, with the specific norms issued by the CVM, as well as the norms and procedures that regulate the independent auditing profession.

Art. 2 The norms and procedures that regulate the exercise of the independent auditing profession are those emanating from the Federal Council of Accounting (CFC), as well as the technical pronouncements on independent auditing endorsed by the CVM in a specific act, whenever deemed necessary for the interests of the market.

Art. 3 Without prejudice to compliance with legal and regulatory norms, the observance by Independent Auditors registered with the CVM of the "Independent Auditing Standards for Financial Statements (NBC-T-11)", approved by CFC Resolution No. 700/91, of April 24, 1991, of the Federal Council of Accounting, published in the Official Gazette of the Union on May 10, 1991, is mandatory, which shall become an integral part of this Instruction.

Art. 4 The Independent Auditor, in the exercise of their activities within the scope of the securities market, shall, in addition to the technical-professional obligations inherent to their functions:

I verify if the information and analyses presented in the management report are consistent with the audited financial statements;

II provide access to CVM inspection to all their documents that served as the basis for evidence for the issuance of the audit opinion, including working papers.

CVM INSTRUCTION NO. 145, OF MAY 10, 1991
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Art. 5 Non-compliance with the provisions contained in this Instruction, including those pertinent to CFC Resolution No. 700/91, of the Federal Council of Accounting, referred to in Article 3 of this Instruction, subjects its infringers to the penalties provided for in Article 11 of Law No. 6,385, of December 7, 1976.

Sole Paragraph. The provisions of this article also apply, where applicable, to the partners and technical managers of the Independent Auditor - Legal Entity.

Art. 6 This Instruction shall enter into force on the date of its publication in the Official Gazette of the Union.

Signed original by
ARY OSWALDO MATTOS FILHO
President