Article 28. Rights of an audit organization

An audit organization has the right to:

conduct a preliminary review of the constituent documents and documents of accounting and financial reporting of an economic entity in order to make a decision on conducting an audit;

independently determine the forms and methods of conducting an audit;

receive, when conducting an audit, the full documentation of an economic entity related to its financial and economic activities, as well as check the actual availability of any property and the actual state of any liabilities accounted for in this documentation;

participate in competitive selection of audit organizations announced by the economic entity, as well as familiarize with the selection conditions and submit its application;

receive oral and written explanations from persons exercising managerial functions or functions of accounting and financial management, other financially responsible employees, audit committee of an economic entity on issues arising during the audit and additional information required for the audit;

receive written confirmation of information from third parties;

refuse to conduct an audit if the economic entity does not provide the necessary information to draw up an audit report;

involve other specialists in the capacity of experts in the audit;

provide related services to an economic entity, during the period covered by the audit, except for setting, restoring, conducting accounting and preparing financial statements, including the preparation of financial statements in accordance with international financial reporting standards, performing the functions of a revision commission (financial inspector), trustee of investment assets;

unite in associations and other non-governmental non-profit organizations in order to represent and protect its interests.

An audit organization may have other rights in accordance with the legislation and a contract for the provision of audit services.