Article 26. Termination of a certificate

A certificate expires from the date of the decision to terminate its validity.

The grounds for the termination of a certificate are:

the auditor's statement on the termination of a certificate;

failure to participate in audit activities for three years;

failure of the auditor to appear to receive a certificate within six months from the date of its issuance;

establishment of the fact that the decision of a republican public association of auditors to issue a certificate is unlawful;

establishment of the fact of obtaining a certificate using forged documents;

court verdict that has entered into legal force, providing for punishment in the form of deprivation of a certain right;

court decision on recognizing the owner of a certificate as legally incompetent or partially legally incapacitated;

systematic (more than two times) or one-off gross violation of the requirements of this Law in the implementation of audit activities.

A one-off gross violation of the requirements of this Law shall be:

violation of the audit restrictions, provided for in Article 34 of this Law;

preparation of a knowingly false auditor's report;

disclosure of confidential information obtained during the audit without the consent of the customer of the audit, except as otherwise provided by law;

concealment by the auditor of the facts of violations by an economic entity of the established requirements for accounting and financial statements revealed during the audit;

established fact of transferring a certificate to another person in order for this person to use it to participate in audit activities on his/her own behalf;

participation of the auditor as a specialist for carrying out various inspections on behalf of regulatory or law enforcement authorities without concluding a contract between the audit organization and these authorities;

establishment of the fact that the auditor is simultaneously an employee or founder (participant) of more than one audit organization;

failure of the auditor to complete annual professional development course.

An auditor whose certificate has been terminated on the grounds provided for in paragraph nine of part two of this article shall not have the right to reapply for a certificate within three years from the date of the decision to terminate the certificate.