The NBU’s initiative to strengthen the requirements for auditors contradicts the interests of banks

The tightening of requirements for audit firms and their employees, proposed by the National Bank of Ukraine, contradicts the interests of the banks themselves, as well as the audit community and the public.

This opinion was expressed in comments to the «Law and Business» publication by Valerii Bondar, Managing Partner of HLB Ukraine, member of the Audit Chamber of Ukraine, in connection with the publication by the NBU of draft amendments to the Regulation on the Procedure for the Register of Audit Firms Eligible for Bank Audits.

The article was published in the newspaper «Law and Business» (19.08.2017).

The article is available in Ukrainian and Russian.