Maintenance of the register of auditors and audit organizations...

Maintaining the register of auditors and audit organizations

The register of auditors and audit organizations is a systematic list of auditors and audit organizations. Control copy of the register of auditors and audit organizations is a collection of registries of auditors and audit organizations.

The register of auditors and audit organizations is maintained by self-regulating organizations of auditors in respect of their members. The control copy of the register of auditors and audit organizations is maintained by an authorized federal body.

The register of auditors and audit organizations and a control copy of the register of auditors and audit organizations are maintained on paper and electronic media. If there is a discrepancy between the records on paper and electronic media, priority is given to records on paper.

The information contained in the register of auditors and audit organizations is open and publicly available. The specified information is submitted by the self-regulatory organization of auditors on the written request of the interested person not later than 10 working days from the day following the day of receipt of the written request.

Information on a member of a self-regulatory organization of auditors should be entered by a self-regulatory organization of auditors in the register of auditors and audit organizations no later than seven working days from the day following the effective date of the decision to admit members of a self-regulatory organization of auditors.

The self-regulating organization of auditors is not entitled to:

1) to put forward any requirements or conditions when entering into the register of auditors and audit organizations information about a person whose decision to admit membership in this self-regulatory organization of auditors came into force;

2) charge a fee for entering information in the register of auditors and audit organizations.

The audit organization and the auditor are obliged to notify in writing the self-regulatory organization of the auditors of which they are members, of all changes in the information contained in the register of auditors and audit organizations within 10 working days from the day following the day when such changes occur.

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Information on termination of membership of an audit firm or an auditor in a self-regulatory organization of auditors must be entered in the register of auditors and audit organizations no later than seven working days from the day following the day of termination of membership.

The self-regulatory organization of auditors is obligated within seven working days from the day following the day of entering information about the audit organization, the auditor into the register of auditors and audit organizations, and also from the day following the day of making changes to the auditors and audit organizations contained in the register information on the audit organization, the auditor, transfer relevant information to the authorized federal body for inclusion in the control copy of the register of auditors and audit organizations, as well as disclosing be such information.

The authorized federal body shall, within five working days from the day following the day of receipt of the information, enter the relevant information or changes into the information in the control copy of the register of auditors and audit organizations.

The self-regulating organization of auditors keeps a register of auditors and audit organizations with respect to its members, starting from the date of entering information about it into the state register of self-regulating organizations of auditors.

Disciplinary action against auditors, auditors

With respect to a member of a self-regulatory organization of auditors who violated the requirements of Law No. 307-FZ, auditing standards, rules for the independence of auditors and audit organizations, the code of professional ethics of auditors, a self-regulating organization of auditors can apply the following disciplinary measures:

1) issue a directive obliging the member of the self-regulatory organization of auditors to eliminate the violations identified by the results of the external quality control of his work and establishing the time for eliminating such violations;

2) to issue a warning in writing to a member of a self-regulatory organization of auditors about the inadmissibility of violating the requirements of Law No. 307-FZ, the standards of auditing activity, the rules for the independence of auditors and audit organizations, the code of professional ethics of auditors;

3) impose a fine on a member of a self-regulatory organization of auditors;

4) decide to suspend the membership of the audit firm, the auditor in the self-regulatory organization of auditors for a period of up to eliminating the violations identified, for no more than 180 calendar days from the day following the day of the decision to suspend the membership;

5) decide on the exclusion of the audit organization, the auditor from the members of the self-regulatory organization of auditors;

6) apply other measures established by internal documents of the self-regulatory organization of the auditors of the measure.

Disciplinary measures are applied by a self-regulatory organization of auditors in the manner prescribed by Law No. 315-FZ.

The auditor, against whom a decision has been made to suspend his membership in a self-regulatory organization of auditors, does not have the right to:

1) participate in the implementation of audit activities;

2) give recommendations confirming an impeccable business (professional) reputation to persons wishing to join the self-regulatory organization of auditors;

3) participate in the work of elected and specialized bodies of a self-regulatory organization of auditors.

The audit organization, the individual auditor, in relation to whom a decision was made to suspend their membership in a self-regulatory organization of auditors, does not have the right to:

1) conclude contracts for the provision of audit services;

2) to introduce changes in the contracts of rendering of audit services, brought before the adoption by the self-regulatory organization of the auditors of this decision, entailing an increase in the obligations of the audit firm, the individual auditor.

At least seven working days before the deadline for the membership of the audit organization, the auditor in the self-regulatory organization of auditors, the self-regulating organization of auditors is suspended, the decision is made to restore the membership of the audit firm, the auditor in the self-regulatory organization of auditors, or their expulsion from the members of the self-regulatory organization of auditors.

In relation to the audit organization that violated the requirements of Law No. 307-FZ, the federal auditing standards, the rules for the independence of auditors and audit organizations, the code of professional ethics of auditors, the authorized federal body may apply the following disciplinary measures:

1) issue a directive obliging the audit organization to eliminate the violations revealed by the results of the external quality control of its work and establishing the terms for eliminating such violations;

2) issue a warning in writing about the inadmissibility of violating the requirements of Law No. 315-FZ, federal standards for auditing, rules for the independence of auditors and audit organizations, the code of professional ethics for auditors; 3) send a self-regulatory organization of auditors, of which the audit organization is a member, a mandatory order to suspend the membership of an audit firm in a self-regulatory organization of auditors; 4) send a self-regulatory organization of auditors, of which the audit organization is a member, a compulsory instruction to exclude an audit organization from a self-regulating organization of auditors.

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