Article 15. National public associations of auditors

National public associations of auditors are non-governmental non-profit organizations that unite auditors.

National public associations of auditors contribute to the development and maintenance of the professional level of auditors and protect their professional interests.

National public associations of auditors:

ensure the organization of systematic monitoring of compliance by auditors and audit organizations with the Code of ethics for professional accountant, published by the International ethics standards board for accountants of the International federation of accountants (hereinafter — the Code of ethics for professional accountant);

prepare proposals for improving the legislation on auditing;

determine a unified ranking procedure;

organize the ranking and annually, by May 1, publish the results on their official websites;

maintain registers of members of national public associations of auditors and post them on their official websites;

if necessary, take part in the work of international organizations on accounting and auditing;

annually, by January 10, submit to the authorized state body information on the completed professional development courses by auditors;

approves, in agreement with the authorized state body, the regulation on conducting the qualification examination, the procedure for issuing, reissuing, extending the validity period of, and terminating the validity of the auditorʼs qualification certificate, as well as a standard program for the professional development of auditors;

conducts the qualification examination;

issues, reissues, extends the validity period of, and terminates the validity of the auditorʼs qualification certificate, except for certificates issued by the Central Bank of the Republic of Uzbekistan.