ZN.ua
The National Bank of Ukraine (NBU) has set additional requirements for the inclusion of audit firms entitled to inspect banks in the corresponding state register, according to the NBU website, referring to Resolution No. 110.
The document, among other requirements, stipulates an increase to 2 years of the minimum period of an audit firm's contractual relations with the bank, an increase in the minimum number of auditors holders of bank certificates up to three people, as well as enhanced training of staff.
In addition, the regulator will require that the audit firms have technical conditions and premises for auditing operations, as well as check their inclusion in the register of the Audit Chamber of Ukraine with a list of firms that meet the criteria for conducting mandatory audits.
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UNIAN memo. The National Bank of Ukraine, within the framework of the current legislation, maintains a register of audit firms that are entitled to conduct bank audits. In September, the NBU extended the validity of the relevant certificates for 14 auditing firms for five years, namely Aval, Active-Audit, Baker Tilly Ukraine, Grantyer, Ernst & Young Auditing Services, Cadastr-Audit, KyiAudit, KPMG Audit, PKF Audit-Finance, Rada Ltd, RSM Ukraine, Cowperwood, Deloitte & Touche Ukrainian Services Company, and Respect.