The Cabinet canceled a number of decisions on the audit of public companies

The Cabinet of Ministers has decided to revoke a number of previously effective resolutions concerning audit activities.

This resolution was signed on December 30, 2025.

In particular, the following documents are revoked:
the government resolution dated November 17, 2015, No. 776 "On the Requirements for Conducting Mandatory Audits of Public Companies"
GOVERNMENT OF THE KYRGYZ REPUBLIC
RESOLUTION

dated November 17, 2015, No. 776

On the Requirements for Conducting Mandatory Audits of Public Companies

(as amended by the Government of the KR resolution dated August 18, 2017, No. 503)

In order to establish minimum requirements for the qualifications and experience of auditors, in accordance with Article 29 of the Law of the Kyrgyz Republic "On the Securities Market," the Government of the Kyrgyz Republic resolves:

RESOLVES:
To approve the requirements for auditors for the mandatory audit of public companies according to the appendix.
When selecting an auditing organization, public companies must be guided by the requirements set forth in the appendix to this resolution.

(as amended by the Government of the KR resolution dated August 18, 2017, No. 503)
This resolution comes into force fifteen days after its official publication.
The control over the implementation of this resolution is entrusted to the Department of Finance and Credit Policy of the Office of the Government of the Kyrgyz Republic.

Prime Minister

T.A. Sariyev

Appendix

REQUIREMENTS

for auditors to conduct mandatory audits of public companies

(as amended by the Government of the KR resolution dated August 18, 2017, No. 503)

To carry out mandatory audits of public companies, the auditor must have experience of at least 10 (ten) audits of financial statements prepared in accordance with International Financial Reporting Standards (IFRS) over the last 3 (three) years.

The auditing organization must have at least 2 (two) auditors on staff who meet the specified requirements.

It is prohibited to conduct a mandatory audit in one public company for more than 5 (five) consecutive years.

• Government resolution dated August 18, 2017, No. 503, which amended this decision.

The decision made is based on part 3 of Article 7 of the law "On Audit Activities," as well as Articles 13 and 17 of the constitutional law "On the Cabinet of Ministers of the Kyrgyz Republic."

The resolution comes into force seven days after its official publication.