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Released are the MINISTRY OF FINANCE RECOMMENDATIONS TO AUDITORS ON AUDITING THE 2023 FINANCIAL STATEMENTS

24.01.2024

Key points of the recommendations

  • Section “Impact of the situation in 2023” – the mention of the coronavirus infection as a factor affecting reporting has been removed.

  • Implementation of audit procedures:

    • Applicable standards and rules of audit activity

    • Quality management system in the audit organization

    • Continuity of the audited entity’s operations

    • Audit documentation when providing services

    • Combating money laundering, financing of terrorism, and proliferation of weapons of mass destruction

Specific issues of accounting reporting

Source: Ministry of Finance letter dated 26.12.2023 № 07-04-09/126152