The Verkhovna Rada, Ukraine's parliament, has passed draft law No. 6016-d on audit of financial statements and auditing services, which toughens requirements for auditors, according to an UNIAN correspondent.
The National Bank of Ukraine (NBU) has instructed non-bank financial institutions and banks' commercial agents to open separate bank accounts when they accept cash for further transfers, according to the regulator's website, referring to Resolution No. 116, effective as of November 22.
Ukraine will lose the opportunity to receive a EUR 600 million tranche of macro-financial assistance from the European Union if in the near future if the authorities fail to fulfill a number of requirements, head of the EU Delegation to Ukraine Hugues Mingarelli told Europeiska Pravda.
Deputy Director of the Ukrainian Finance Ministry's budget planning department Mykhailo Bosak says indicators of the government-drafted national budget for 2018, which has passed its first reading in parliament, are in line with the benchmarks of the International Monetary Fund's Extended Fund Facility (EFF) program.
In order to finalize the fourth revision of the cooperation program and receive the fifth disbursement from the International Monetary Fund, Ukraine should pass pension reform, accelerate the privatization process, and show concrete results in the fight against corruption, that’s according to IMF spox Gerry Rice who spoke at a briefing in Washington.
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.