The EU is concerned about audit reform in Ukraine

The website of the EU Delegation in Ukraine released information that delaying in the entry into force of the Law “On Audit of Financial Reporting and Audit Activity” impeded the implementation of the Association Agreement, reported.

Representatives of the European Union state that the reform of the audit activity in Ukraine is currently delayed, and during the implementation it is being resisted.

It should be recalled that on December 21, 2017, the Verkhovna Rada of Ukraine approved the Law of Ukraine “On Audit of Financial Reporting and Audit Activity” (No. 6016-d), through which the domestic legislation would meet the standards of the European Union. However, this law has not entered into force yet.

The EU report states that the implementation of international and European standards in the field of audit and supervision of the audit profession is a part of Ukraine’s obligations under the Association Agreement between Ukraine and the European Union.

According to analysts, for our state, the reform of the activity of auditors is critical, and not only in the context of the Agreement, because the profession of auditor requires the restoration of good reputation and confidence in the financial reporting of economic entities. This will help to improve the investment situation and enhance international trade.

It also became known that many reforms and innovations came into force from the first day of the new year. Thus, environmental tax rates grew by 11.2%, rent for use of mineral resources for non-mining purposes − by 16.8%. Rent for special use of water and forest resources increased at the same percentage.

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Тема : Новини