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The National Bank of Ukraine (NBU) has developed a draft amendment to the provision on the maintaining the register of audit firms having the right to conduct bank audit, which provides for stricter requirements for such firms, according to the regulator's website.
"The draft amendment to the provision stipulates the introduction of stricter requirements for audit firms that are entered into the register by the National Bank of Ukraine, as well as for their employees participating in the audit of banks, as well as the maintenance of the register," the report said.
Read alsoWeek’s balance: Ukrzaliznytsia say goodbye to their rockstar CEO, NBU develops new forex regulations, while inflation sees growthAs UNIAN reported earlier, the National Bank of Ukraine excluded the PricewaterhouseCoopers audit and consulting company from the Register of Audit Firms that have the right to conduct bank audit. The reason for such a decision was the confirmation by PricewaterhouseCoopers of unreliable information about the financial and economic activities of PrivatBank, according to the NBU.
The regulator within the current legislation maintains the register of audit firms having the right to conduct bank audit. At present, there are 21 such companies in the register.