Regulatory Alerts1996-07-24 | ПФ-1500Added
Measures for the Development of the Bank Audit System in the Republic
The President of the Republic of Uzbekistan approved proposals from the Central Bank and the Union of Commercial Banks to strengthen trust in the banking system and improve audit quality. The Central Bank is authorized to coordinate bank audits, act as a client for contracts with local and foreign audit firms, and issue relevant certificates to audit organizations. The Central Bank is further tasked with developing and approving regulations for bank audits within one week, regularly publishing the list of qualified audit firms, and ensuring audits are paid for from their own funds. The Ministry of Justice is required to submit legislative amendments to the Cabinet of Ministers within one month.
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30.04.2021
24.07.1996
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Russian Uzbek Uzb Uzb|Russian
Document lost its force 30.04.2021
[ OKOZ: 1. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.19.00.00 Banking System / 07.19.01.00 Central Bank, its structural divisions and institutions; 2. 09.00.00.00 Entrepreneurship and Economic Activity / 09.04.00.00 Audit Activity / 09.04.07.00 Other Issues of Audit Activity] [ TSZ: 1. Finance / Banks and other credit institutions. Credits; 2. Finance / Audit Activity] Send suggestions for the document Listen to audio Get a link from the document element Send suggestions for the document Listen to audio Get a link from the document element Send suggestions for the document Listen to audio Get a link from the document element Decree of the President of the Republic of Uzbekistan Send suggestions for the document Listen to audio Get a link from the document element LexUZ commentary This Decree has lost its force on the basis of the Decree of the President of the Republic of Uzbekistan dated April 30, 2021, No. PF-6218 "On Measures for Comprehensive Systematization of the National Legislative Base". Send suggestions for the document Listen to audio Get a link from the document element To strengthen trust in the banking system, increase the quality and effectiveness of audit inspections of banks, and ensure an objective analysis of their financial stability: Send suggestions for the document Listen to audio Get a link from the document element
- The following proposals of the Central Bank of the Republic of Uzbekistan and the Union of Commercial Banks are accepted: Send suggestions for the document Listen to audio Get a link from the document element Central Bank of the Republic of Uzbekistan: Send suggestions for the document Listen to audio Get a link from the document element coordinates the work on conducting audits of banks included in the banking system of the Republic of Uzbekistan; Send suggestions for the document Listen to audio Get a link from the document element has the right to act as a customer in contracts concluded with domestic and foreign audit firms regarding the conduct of bank audits; Send suggestions for the document Listen to audio Get a link from the document element issues relevant certificates and qualification certificates to audit firms and organizations operating in the territory of the republic for the right to conduct audit inspections in banks. Send suggestions for the document Listen to audio Get a link from the document element
- The Central Bank of the Republic of Uzbekistan is recommended: Send suggestions for the document Listen to audio Get a link from the document element to develop and approve the Regulation on the requirements of the Central Bank of the Republic of Uzbekistan regarding the implementation of bank audits within one week; LexUZ commentary See: "Regulation on the Requirements of the Central Bank to the Internal Audit of Commercial Banks" (Registry No. 992, 22.12.2000). Send suggestions for the document Listen to audio Get a link from the document element regularly publish in the media the list of audit firms authorized to conduct bank audits in the established manner; Send suggestions for the document Listen to audio Get a link from the document element to pay for the conduct of bank audits from their own funds. Send suggestions for the document Listen to audio Get a link from the document element
- The Ministry of Justice of the Republic of Uzbekistan shall submit to the Cabinet of Ministers proposals on additions to the legislation of the Republic of Uzbekistan arising from this Decree within one month. Send suggestions for the document Listen to audio Get a link from the document element President of the Republic of Uzbekistan I. KARIMOV Send suggestions for the document Listen to audio Get a link from the document element Tashkent, Send suggestions for the document Listen to audio Get a link from the document element July 24, 1996, Send suggestions for the document Listen to audio Get a link from the document element No. PF-1500 (Information Bulletin of the Oliy Majlis of the Republic of Uzbekistan, 1996, No. 7, Article 94)
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