Article 12. Powers of the Ministry of Finance of the Republic of Uzbekistan in the field of audit activity

Ministry of Finance of the Republic of Uzbekistan is the authorized state body in the field of audit activity (hereinafter — authorized state body).

Authorized state body:

implements state policy in the field of audit activity;

represents the interests of the Republic of Uzbekistan in international organizations in the field of audit activity;

develops, approves and implements, within the limits of its authority, legal acts regulating audit activity;

maintains the Register of auditing organizations and the Register of auditors;

ensures the improvement of the information system of the “Audit” software complex intended for electronic interaction with republican public associations of audit organizations and auditors, as well as the implementation of remote monitoring through this software complex of compliance by audit organizations with the requirements of legislation in the field of auditing activities;

carries out, jointly with national public associations of auditors, external quality control of the work of audit organizations;

analyzes the development of audit services.