Financial and economic audit conducted in business entities will be suspended for 2 years

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December 23, 2017

Financial and economic audit conducted in business entities will be suspended for 2 years

The Head of our state in his Address to the members of the Senate and deputies of the Legislative Chamber of the Oliy Majlis noted that activities of the Republican council for coordination of activities of supervisory authorities do not meet the present requirements.

Think for yourself, the working body and the supervisory body conducting the largest number of inspections is the tax authority. It allows audit and conducts the audit itself, where is the logic?

In this regard, I think it is advisable to switch to an electronic system for issuing permits for conducting audit and to impose control over this on the General Prosecutor’s Office. “At the same time, how do you look at suspension of financial and economic audit conducted in business entities for 2 years?”, suggested the Head of our state.