Regulatory Alerts2000-11-14 | 403Added · Updated
Regulations on Conducting Audit Inspections in Banks of the Republic of Uzbekistan
The document establishes the regulatory framework for conducting audit inspections in commercial banks in Uzbekistan, requiring annual audits by audit organizations holding a certificate issued by the Central Bank. It details the procedures for obtaining, renewing, suspending, and revoking professional qualification certificates for auditors, including eligibility criteria, examination processes, and registration requirements. The regulations define the powers of the Central Bank's Bank Supervision Committee, the specific obligations of auditors regarding financial reporting reliability and internal control weaknesses, and the legal consequences for unauthorized audit activities.
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