According to Article 14 of the Law of Ukraine «On Accounting and Financial Statements in Ukraine» prior to April 30 of the year following reporting period, insurers and other financial institutions are required to publish annual financial statements and annual consolidated financial statements together with the auditor's opinion on their own web page with publication in periodic or non-periodic editions.
According to Article 15 of the Law of Ukraine «On Financial Services and State Regulation of Financial Services Markets» audits of financial institutions may be conducted by audit firms or auditors, which are included in the relevant registers, maintained by state authorities in charge of regulation over financial institutions and financial services markets.
In accordance with the Procedure on keeping the register of auditors and audit firms, which may conduct audits of financial institutions, approved by the decree of the National Commission, executing state regulation in the field of financial services markets No. 640 as of 26.02.2013, by National Commission for State Regulation of Financial Services Markets our audit company was included into the register of audit firms which may conduct audits of financial institutions.
In addition, in order to participate in audits of financial institutions regulatory documents provide annual upgrading of professional knowledge by the auditors according to the program approved by the Audit Chamber of Ukraine and agreed with National Commission for State Regulation of Financial Services Markets.
Director and auditors of our company have passed upgrading of professional knowledge, upon results of which they have successfully passed control testing.
Audit aimed at confirmation of the annual financial statements by financial institutions is conducted in accordance with the standards of 700 «Formulation of opinion and provision of Report on financial statements» of International Standards of quality control, auditing, review, other assurance and provision of related services (ISA). Based on the audit client is provided with the auditor's opinion for National Commission for State Regulation of Financial Services Markets.
In order to view certificate on inclusion into the Register of audit firms, which may conduct audits of financial institutions, which our company received from National Commission for State Regulation of Financial Services Markets, please visit the section of the site «About Us» ? «Certificates».