Article 37. Rights and obligations of an economic entity during audit

An audited economic entity has the right to receive from the audit organization:

the auditorʼs report;

explanations of the opinion expressed in the auditor's report and information on the regulatory legal acts on which the opinion of the auditing organization is based;

consultations on the procedure for maintaining accounting records, drawing up financial statements and correcting detected deficiencies and violations.

An audited economic entity is obliged to:

create conditions for the auditor to conduct an audit within the timeframes specified in the audit contract and provide access to the necessary documentation;

comply with the obligations arising from the audit contract;

consider information about the violations identified during the audit and, no later than thirty days from the date of receipt of this information in writing, inform the audit organization about the results;

eliminate violations of accounting, preparation of financial statements and the procedure for calculating taxes and fees identified in the course of the audit.

An economic entity does not have the right to commit any actions (inaction) in order to evade or hinder the conduct of an audit carried out in accordance with this Law.

An economic entity may have other rights and bear other obligations in accordance with the legislation and an audit contract concluded with the audit organization.