The Bill (Reg.№5375) is aimed at the defining of the legal basis of the auditing activity in Ukraine, formation of the system of independent finance control to protect interests of the users of finance and other economic information.
The documents in particular contain principles on the conditions of the auditing activity conduction. Pursuant to the bill, audit companies are supposed to have the organizational-legal form of the joint-stock company or limited liability company and the core capital is supposed to comprise UAH 100 000.
In the course of the sitting it was emphasized that for the profession managements the Auditor Chamber should be formed. Auditor Chamber is a public non-governmental non-for-profit organization.
The Bill envisages also that the independent auditors and audit companies are obliged to conclude property insurance contracts for their activity property risks covering.