Moliya Press August 19, 2021

On August 19, 2021, the Ministry of Finance, the National Association of Accountants and Auditors of Uzbekistan, the Audit Chamber of Uzbekistan and the Examination Center of Accountants and Auditors signed Agreements on cooperation and information exchange.

–      it envisages the establishment of cooperation between them in a number of areas. In particular, they plan to

–      introducing an effective system of auditor certification and phased organisation of qualification exams in all regions of the country, technical and methodological assistance in conducting them;

–      improving auditor training and qualification programs based on the worldwide requirements published by the International Accounting Standards Board and the International Federation of Accountants

–      establishing an effective system of external quality control for auditors

–      promoting best practices in the application of international auditing standards and their translation into the national language.

Agreements have been reached to expand interaction with relevant international organisations on the certification of accountants and the application of international financial reporting and auditing standards.

The signing of the agreement provides an opportunity to study the problems of accounting and auditing and discuss ways to solve them together with public organizations.

Information Service

Ministry of Finance 

In accordance with the Resolution of the President of the Republic of Uzbekistan PP-5210 “On additional measures to improve the certification system of auditors” dated August 4, 2021 starting from August 15, 2021 the functions of the Ministry of Finance to conduct exams for obtaining an auditor’s qualification certificate, issuing a qualification certificate and approving an advanced training program transferred to republican public associations of auditors. Based on this, the Ministry of Finance obliged to transfer documents of applicants for obtaining a auditor’s qualification certificate for their further participation in qualifying exams to an examination center organized by republican public associations of auditors. Also, it stipulated the the transfer of the fees paid by applicants for the consideration of admission applications to the auditor qualification exam, prior to this resolution to entry into force.

To date, out of the total number of applications received by the Ministry of Finance from applicants for obtaining a certificate or extending its validity period, 214 were admitted to the exam and receiving a certificate without passing a qualifying exam. On August 11, 2021, the documents and the amount of the received fees by the Ministry with the specified applications were transferred on the basis of the acceptance certificate to the “Examination Center of Accountants and Auditors” LLC, created jointly by the republican public associations of auditors – the National Association of Accountants and Auditors of Uzbekistan and the Chamber of Auditors of Uzbekistan.

The preliminary exam, which will be organized by the republican public associations of auditors and the examination center for these applicants, is scheduled for August 25, 2021. Applicants can contact the republican public associations of auditors and the examination center for complete information on obtaining an auditor’s qualification certificate or extending its validity period.

For detailed information:

National Association of Accountants and Auditors of Uzbekistan

Address: Tashkent, 100084, st. Bodomzor yuli 1A,

Phone number: (71) 234-01-87, 234-18-90, 234-19-01, (90) 9190187,

Email address and website: www.naaa.uz; naba@naaa.uz; naaa.uz@mail.ru

Chamber of Auditors of Uzbekistan

Address: Tashkent city, Amir Temur street, building 6.

Phone number: (71) 235-76-51; +998931832288; +998998325430

Email address and website: info@uzaudit.uz; www.uzaudit.uz

Examination Center LLC “Examination Center for Accountants and Auditors”

Address: Tashkent, 100084, Bodomzor yuli street, building 1A

Phone number: (71) 235-26-88, (71) 235-78-04, +99897 7330318

Email address: 123amitaf@gmail.com

Information Service of the

Ministry of Finance