Changes in the regulations of submitting updated information by auditors/audit firms

On the basis of the regulations approved by the Order No. 17 of October 28, 2016, confirmed by the Head of the Service for Accounting, Reporting and Auditing Supervision on determining “The Rules for introduction of the website and the electronic registry, its structure, its form, its list of information and the identification of users”, annually, no later than April 1, the auditor is obliged to update the information on the revenue received from the previous year's professional (non-employed) activities, and the audit firm is obliged to update the revenue received from the audit and professional activities of the previous year, as well as the information about the number of its employees.

Herewith, according to the amendment made to the normative act of the SARAS, auditors/audit firms, in case they received no revenue during the year, in the relevant section they should reflect zero “0”.

The auditors and audit firms fill the information about their revenue and the number of their employees electronically by means of authorization on the website.