Article 43. Exclusion of an audit organization from the Register of audit organizations

An audit organization is excluded from the Register of audit organizations in the following cases:

liquidation of an audit organization;

carrying out other types of activities not related to audit activity, or changing the type of activity;

violation during an audit of restrictions, specified in Article 34 of this Law;

drawing up a deliberately false auditor's report;

disclosure of confidential information obtained during the provision of audit services;

the lack of a liability insurance policy of an audit organization for the implementation of audit activity;

failure to provide the authorized state body with the necessary documentation and information during external quality control of an audit organization.

Information on the exclusion of an audit organization from the Register of audit organizations shall be published in the media, as well as posted on the official website of the authorized state body.