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For the last few years, unit investment trusts are developing more in our country, these institutions realize their activity on the basis of the Federal law as of 29.11.2001 #156-ФЗ “On investment funds” and also standard acts of the Federal services on financial markets (FSFM).
On the territory of the Kyrgyz Republic, the investment trusts realize their activity on the basis of the Law of Kyrgyz Republic “On investment trusts” #92 as of 26 July 1999 and Law of the Kyrgyz Republic “On equity market” #95 as of 21 July 1998.
The knowledge of specific character of Trusts and also of special requirements for the auditors, allow auditors to attract the managing companies of these Trusts as clients, and therefore to broaden the circle of its clients and work directions.
The legislation sets certain requirements for auditors of Trusts. Besides general requirements for auditors, provided in the Law on audit, the additional requirements were provided in the Law on investment trusts.
First of all, auditors of Trusts should have the license to perform audit activity that is issued by the Ministry of Finance of the Russian Federation.
Second, auditor should be selected and appointed by the managing company of the Trust.
Third, the legislation sets minimum requirements for audit. In particular, the accounting, maintenance with regard to property that makes up the Trust and operations with this property are subject to audit on reliability and compliance with the legislation requirements.
Fourth, the auditor must be independent. The affiliated entity of the managing company, of specialized bailee, registrar and of appraiser cannot be an auditor of the Trust.
If your Company corresponds to at least one of the following:
- Is a joint-stock investment trust or a managing company of the unit investment trust;
- Is a commodity exchange or a stock exchange, non-governmental pension fund;
and if you have questions or you have non-standard situation related to:
- control over safety of property that is on the balance of the investment trust, settlements with the managing company and bailee of the trust, calculation of the cost of the securities portfolio and clear assets, authorized capital stock and reserve fund;
- brokerage activity on intermediary operations of arrangements between buyers and sellers of goods, services, securities, foreign currency and other valuables on stock exchanges and commodity exchanges, or on reflection of incomes from exchange and brokerage activity.
- assessment of the investment trusts assets cost
- control over security of property that is on the balance of the investment trust
- reflection in the accounting of operations related to brokerage activity on intermediary operations of arrangements between buyers and sellers of goods, services, securities, foreign currency on stock and commodity exchanges.
then in accordance with requirements of the Federal Law 156-ФЗ as of 21.11.2001 art. 49, p. 1, you need an Obligatory audit.
Our specialists:
- Will check the initial, accounting and financial documents and operations, made on the basis of these documents;
- Will confirm the purposeful expense of funds;
- Will analyze the financial condition of the organization and investment risks; review of organization’s financial statement for a certain period of time;
- Will analyze the financial condition of the organization and investment risks in accordance with the Decree “On assets of the investment trusts”, approved by the decree of the State commission under the Government of the Kyrgyz Republic on equity market as of 12 November 2003 #75;
- Will provide recommendations with regard to reflection in the accounting of operations related with investment activity in accordance with IFRS 28 “Investments into associated organizations” and Decree “On accounting of investment funds”, approved by the decree of the State commission under the Government of Kyrgyz Republic on equity market as of 21 December 2004 #78;
- Will provide consultations on particularities of funds accounting of bailee clients in accordance with the Decree “On bailee activity”, approved by the decree of State commission under the Government of Kyrgyz Republic on equity market as of 22 July 2003 #51.
- Will express their opinion with regard to reliability and preparation of financial (accounting) statement, reflection of operations in the accounting and tax accounting;
Managing company:
- Balance sheet as of 31 December 200_;
- Statement on incomes and losses as of 31 December 200_;
- Statement on changes in capital for the period from 01 January to 31 December 200_;
- Statement on flow of funds for the period from 01 January to 31 December 200_;
- Enclosures to the balance sheets as of 31 December 200_;
- Explanatory note.
Unit investment trust:
- Balance of property, that makes up the unit investment trust as of 31 December 200_;
- References on cost of clear assets of the unit investment trust as of 31 December 200_ with enclosures;
- Statement on increase (decrease) of property cost, that makes up the unit investment trust;
- References on the cost of assets of the unit investment trust as of 31 December 200_;
- Statement on remuneration of the unit investment trust by the managing company and expenses related to confiding management of the unit investment trust;
- Statement on owners of investment shares of the Unit investment trust;
Non-commercial partnership Stock exchange:
- Balance sheet as of 31 December 200_;
- Statement on incomes and losses as of 31 December 200_;
- Statement on changes in capital for the period from 01 January to 31 December 200_;
- Statement on flow of funds for the period from 01 January to 31 December 200_;
- Enclosures to the balance sheet as of 31 December 200_;
- Statement on purposeful use of received funds for the period from 01 January to 31 December 200_;
- Explanatory notes.
Managing company in part of confiding management of funds of pensionary savings of Non-state pension fund:
- Balance sheet as of 31.12.200_;
- Statement on incomes and losses as of 31.12.200_;
If you would like to know the cost of our services we kindly ask you to fill in necessary paragraphs of the application form and send it to us at: office@marka-audit.ru (Moscow), marabi@ktnet.kg (Bishkek), marka-audit-kz@mail.ru (Almaty). |
