Cabinet of Ministers Regulations No. 299 (No. 40) for the Certified Auditors issued in article 81 of the Constitution in accordance with the procedure laid down in chapter I. General questions l. article. The terms used in the rules: 1) the sworn auditor: a person who has received a certificate in accordance with Latvian certified auditor of the Association;
2) certificate — the written confirmation issued sworn auditor of the audit of the annual report and other audit tasks;
3) annual report-audit company (company) or organisation of the examination of the annual report in accordance with the laws governing the company (company) or organisation's annual accounts;
4) Audit: Enterprise (company) or organisation's financial and operating inspection in accordance with the signed agreement shall take the sworn auditor;
5) annual report — the law under a mass of news about the company's (the company) or the Organization's financial and economic activities;
6 Group companies as a whole), established pursuant to law explanation "Of the annual accounts";
7) certified auditor registry: a collection of data about sworn auditors and their professional activities;
8) Latvian certified auditor Association — a public non-profit organization that brings together all of the Chartered Auditors provided for in these rules and the persons who have passed the Latvian Council of sworn auditors Association qualifying examination;
9) the Latvian Council of sworn auditors Association guidelines — Latvian sworn auditors Association developed and adopted by the Republic of Latvia accounting standards and auditing standards, professional ethics, as with others in this Association Certified Auditor professional regulatory guidance.
2. article. These rules regulate the professional activities of the persons legal basis for carrying out the tasks of the audit companies (companies) and organizations.
3. article. (1) sworn auditor duties in accordance with the law and these terms and is independent of the company and of the natural and legal persons and legitimate interests of the rights advocate business.
(2) State, company or employer are not entitled to influence a certified auditor in his professional duties, the decision making of the company (the company) or the Organization's annual report, audit tasks, the tasks of the expert and trust.
4. article. On sworn auditors can be legally incompetent persons: 1) which reached 25 years of age;
2) which got higher economic education or higher education in other subjects and have passed the qualifying examination of the economic fundamentals;
3) which passed the Latvian Council of sworn auditors Association qualifying examination;
4) which is the Latvian Council of sworn auditors association recognized at least three years experience in audit work;
5) which received the certificate in accordance with Latvian certified auditor of the Association;
6) which has a perfect reputation.
5. article. (1) in his professional capacity sworn auditors are independent and are subject to the laws and the Latvian Council of sworn auditors Association.
(2) State and local government institutions, courts, prosecutors and preliminary investigation authorities must guarantee the certified auditor independence.
(3) in order to guarantee the certified auditor independence, it is prohibited to: 1) tamper with the certified auditor professional activities influence or affect them;
2) request of sworn auditors messages and explanations, as well as interrogated them as witnesses of the facts which become known to them by providing professional services;
3) control the postal, telegraphic and other forms of correspondence, as well as documents that Certified Auditors received, providing professional services, to draw a correspondence and document viewing and removal, as well as to search, find and remove the correspondence and documents;
4) control using this article referred to in paragraph 3 of the procedural means, certified auditor for the provision of professional services in information systems and used means of communication with the electronic means of communication, to get information from them and to intervene in their operations;
5) request from customers news about the certified auditor for professional services provided by the content;
6) expose the Chartered Auditors any sanctions or threats due to customers according to the laws of the professional services to be provided;
7) called Chartered Auditors at any type of written or oral statements which they provided, in good faith in the performance of their professional duties.
6. article. Sworn auditor's certificate suspended or cancelled by the Latvian Association of Certified Auditors.
Chapter II. Sworn auditor's rights, duties and responsibility article 7. Only sworn auditor is entitled to give an opinion on a company or organization (company) the annual accounts according to the law on annual accounts "(the Republic of Latvia Supreme Council and Government Informant, 1992,44./45.nr.; Latvian journal, 1995,34. no), "on insurance" (Republic of Latvia Supreme Council and Government Informant, no; 1993,3. Latvian journal, 1994, URll.nr.; 1995, 139. no; 1996,62. no), the credit institutions Act (Latvian journal, 1995, nr. 163.100.1996,49,/101.nr.) and other statutory requirements.
8. article. (1) sworn auditor professional services provided in accordance with the signed agreement.
(2) a sworn auditor is entitled to provide professional services: 1) at the invitation of the law enforcement authorities in any enterprise (company) or organisation;
2) by company (company) or organisation governing body invited them in enterprises (companies) and organizations;
3) by company (company) or organisation authorities call those exposed (companies) businesses and organizations;
4) following the invitation of the parent company of the Group subsidiaries and the group as a whole.
9. article. (l) the customer has the right to freely choose a certified auditor. Sworn auditor has the right to freely choose a customer.
(2) a sworn auditor must not undertake the auditing of the annual accounts or to carry out this audit, non-compliance with the Latvian Council of sworn auditors Association.
10. article. After receipt of the audit task by the sworn auditor a written statement of the task that these rules are complied with in the second paragraph of article 9 of these conditions.
11. article. Company (companies) or organization must provide certified auditor with all the necessary information to him and show him all the audits, the necessary documents, including those that contain business secrets.
12. article. Sworn auditor is prohibited from disclosing information that he has learned, in the exercise of professional duties. He should not be using that information or disclosed without customer's written authorization, except where a judicial decision is entitled or obliged to do so.
13. article. Certified Auditor, if he knowingly or negligently not fulfilled his obligations, professional can be prosecuted under the law not later than three years after the date of signature of the auditor's opinion.
14. article. Sworn auditor's civil liability is to take out the Cabinet fixed minimum amounts and in accordance with the Latvian Council of sworn auditors Association.
Chapter III. The Latvian Council of sworn auditors Association article 15. The Latvian Council of sworn auditors Association is a public organization that combines all the Professional Association Chartered Auditors and all persons who have passed the Latvian Council of sworn auditors Association qualification exams.
16. article. The Latvian Council of sworn auditors Association is designed to: 1 implement the governance of the profession);
2) developed and make the Republic of Latvia accounting standards and auditing standards, as well as other Latvian sworn auditors Association and governing interpretative guidance;
3) promote vocational skills, creativity and develop a learning experience on how to care for your professional prestige.
Article 17. Latvian sworn auditors Association represents the interests of its members and defend them, and to comply with other legislation and the statutes of the Association and action for the approval of a decision.
1. The transitional issues regulations shall enter into force by January 1, 1997.
2. a sworn auditor's licence issued on the basis of the laws, which were in force until the entry into force of the rules, to be recognized as a valid and comparable to sworn auditor certificate No.
3. Be declared unenforceable law on sworn auditors "(Latvian journal, 1995, no. 135).
Prime Minister a. slice the Finance Minister A.G. Kreitus 1996 in Riga on august 6.