The Saeima has adopted and promulgated the following laws of Valstsprezident: the amendments to the law "on sworn auditors" make law "on sworn auditors" (Latvian Saeima and the Cabinet of Ministers rapporteur, 2001, no. 12; 2004, nr. 4; 2007; 2008, 10 No No 14; 2009, no. 6; Latvian journal, 2010, 32, nr. 99; 46. in 2011, no; 2012, 56 no; 13, 87, 142, 188. nr.; 2015, no 227) the following amendments: 1. Put the name of the law as follows: "the Audit Service Act". 2. in article 1: to make the first part of paragraph 2 as follows: "2) audit working papers, materials prepared or Certified Auditor Certified Auditor company or prepare, obtain and retain the sworn auditor or certified auditor company and which are associated with audit services. Audit working papers can be prepared in the form of paper, electronic media or other form [such as documents that contain the information to form a picture or sound, and that visible and usable with appropriate equipment (audiovisual and cinematographic documents, photos and sound documents)]; " make the first part of paragraph 7 of the introductory paragraph and subparagraph "a" the following: "7) auditor's report: a sworn auditor or certified auditor in charge of the sworn auditor commercial companies prepared written document on the annual accounts and the consolidated annual report of the audit (inspection) which includes: (a) paragraph that identifies) client (including customer name and type), which is the annual report (consolidated annual accounts) included in financial statements are audited by specifying the date and reference period that annual report (consolidated financial statements) has been drawn up, and the annual report (consolidated annual accounts) used in the preparation of legislation and regulatory provisions, which establish the customer's annual report (consolidated annual accounts) the structure, scope, contents and preparation (or the Republic of Latvia to the European Union law), as well as details of the client and the sworn auditor responsibility "; make the first part of paragraph 7 "c" and "d" paragraph by the following: "(c) a sworn auditor's opinion) or a notice of refusal to issue an opinion, d) instruction on all the conditions or events for which the sworn auditor wants to draw attention to highlighting, but did not provide an opinion with caveats, as well as guidance on any significant uncertainty (if found) related to events or conditions that can result in a significant doubt about the customer's ability to continue as a ,"; Replace paragraph 7 of the first paragraph of the "g" in the numbers and the words "in paragraphs 5 and 6, and in the third paragraph, the requirements" with numbers and the words "in paragraph 5 and the third paragraph, the requirements and that is included in the second paragraph of article 56.2 1., 2., 3., 4., 7 and 8 of the information specified in paragraph"; Add to paragraph 7 of the first paragraph of the "h" section by the following: "(h)) information whether the client (if the client is a corporation whose transferable securities are included in the regulated market of a Member State, a credit institution, an insurance company in the form of a limited company or a reinsurance company in the form of a limited company) has prepared the financial statements, but if that customer is required to prepare consolidated financial statements, the consolidated financial statements-not, and on whether or not the financial statements (the consolidated non-financial communication) is included in the management report (in the consolidated management report) or prepared as a separate annual report (consolidated part of the annual report), or also include the Corporation's parent company prepared consolidated financial statement not; " to supplement the first part with the 12.1 point as follows: "121) Latvia recognised international public sector auditing standards — State controller international standards set by the supreme audit bodies;" to supplement the first part with a 14.1 point as follows: "the Member State — 141) of a Member State of the European Union or the European economic area country;" Add to the first part of paragraph 15, the words "and which is not a Member State Auditor"; Add to the first paragraph of paragraph 16, the words "and which is not a Member State Auditor company"; to supplement the first part with the 18, 19, 20, 21 and 22 as follows: "18) the competent institution of a Member State, the institution to which the laws of a Member State has a specific responsibility on the Member State concerned and of the Auditors of the company, the auditor and the audit services provided by the oversight and for which the Member State concerned has notified the European Commission; State Auditor-19) the natural person who, in the Member State other than the Republic of Latvia (hereinafter referred to as the other Member States), has been approved by the competent institution as having the capacity to perform in that other Member State registered in the company's annual report and the consolidated annual report of the audit (inspection); State Auditor company 20) — established in another Member State for any type of company, which is the competent institution of another Member State has approved as eligible to take this company established in another Member State in the annual report and the consolidated annual report of the audit (inspection); 21) third country competent institution — institution with third country legislation is assigned to the competence to take that third country third country Auditors and auditors of the company, as well as audit services provided by the oversight; 22) State and local government institutions, national or local authority, derived public person who entirely or partially financed from the State or local government, as well as State or local government agency. "; to supplement the article with the third and fourth subparagraph by the following: "(3) the statutory term" related parties "comply with the European Commission of 3 November 2008. Regulation (EC) No 1126/2008 adopting a number of international accounting standards in accordance with European Parliament and Council Regulation (EC) No 1606/2002 referred to in IAS 24 disclosure of related parties used the term". (4) the terms used in the law of "sworn auditor and certified auditor of the company, which provides audit services for public-interest entities" shall mean the certified auditor and certified auditor of the company, which has provided audit services to public-interest body at least once every three years after this law 21.8 referred to in the first subparagraph of article audit quality control services. This term corresponds to the European Parliament and of the Council on 2014 16 April Regulation (EU) No 537/2014 regarding special requirements for statutory audits of public-interest bodies and repealing Commission decision 2005/909/EC (hereinafter Regulation No 537/2014) used the term "statutory auditor and audit firm carrying out the statutory audits of public-interest entities". " 3. Express article 2 by the following: ' article 2. The law's purpose and scope (1) the purpose of this law is to regulate the professional activities of the person in a legal framework, which manifests as the audit, and ensure the monitoring of the professional activities of the person, in order to contribute to a stable, secure and reliable audit services market and to protect the public (as in the annual accounts and consolidated accounts of users), common interests. (2) of the Act apply to sworn auditors, sworn auditor commercial companies, the service recipients, public-interest entities, as well as the competent authorities and institutions of the certified auditor and certified auditor company professional and public interest in the field of the monitoring of the structure. (3) of the Act provides: 1) a sworn certificate of Auditor and certified auditor commercial companies license acquisition and registration procedures; 2) certified auditor and certified auditor company independence and impartiality, and ethical requirements, professional rules of operation and the responsibility for this Act and Regulation No 537/2014 requirements; 3) audit services the rights and obligations of the beneficiary; 4) competent authorities and institutions of the certified auditor and certified auditor company professional surveillance, the authorities and institutions of the obligations and rights; 5) public-interest bodies the establishment of the Audit Committee, the supervisory activities and legal framework; the provisions of regulation 6) No 537/2014 application. " 4. Add to article 8, paragraph 2, after the word "adopt" with the word "Latvia". 5. Supplement article 13, paragraph 1, after the word "procedures" with the words "Latvian". 6. in article 17: Add to the second paragraph of paragraph 2, after the word "standards" with the words "the international recognised in Latvia's public sector auditing standards"; to supplement the article with the fourth paragraph as follows: "(4) the Association of Latvian Certified Auditor Certified Auditor of the decision on the suspension of the certificate of the opposition or appeal shall not suspend the operation of this decision." 7. Add to article 18, paragraph 2, second subparagraph after the word "of" with the words "standards in Latvia recognised international auditing standards of the public sector". 8. Article 19: make the second Part 2 of the following paragraph: "2) practice address, phone number, e-mail address, and a reference to the website address, if any;" supplemented with the sentence of the fourth subparagraph by the following: "the Ministry of finance in its homepage on the internet includes a reference to the Latvian Council of sworn auditors Association home page where this registry is available." 9. Article 21: make the first, second, third and fourth subparagraph by the following: "(1) the certified auditor commercial companies license the company to be issued, which is recorded in the enterprise register of the Republic of Latvia in the commercial register of the vest. (2) for the Certified Auditor General partnership and limited partnership the members of komplimentār can only be sworn auditors or certified auditor commercial companies, auditors, or Member States or Member States auditor commercial companies. (3) the certified auditor of the Corporation more than 50 percent of the voting shares or voting shares owned by sworn auditors or certified auditor commercial companies or auditors of the Member States, or national auditor commercial companies. (4) certified auditor of the Corporation not less than 75 percent of the Board members are sworn auditors or auditors of the Member States. "; express the sixth part as follows: "(6) for the certified auditor commercial companies work organisation and resource planning, document management, registry and case building arrangements comply with the requirements referred to in the terms of the Cabinet of Ministers, issued on the basis of article 19.3 of the Act." 10. To supplement the law with article 21.1 as follows: "article 21.1. Another Member State in the register of Auditors of registered commercial companies license recognition (1) by way of derogation from article 3 of the law, the first paragraph of another Member State in the register of Auditors of the company is recorded to provide audit services in the Republic of Latvia, the Ministry of finance if it recognised as equivalent by the certified auditor of the company, it issued a certified auditor commercial companies license and this company is a certified auditor of the company recorded in the register. (2) the opinion of the Ministry of Finance shall prepare, if: 1) is entered in the register of another Member State of a company of Auditors license (registration) of receipt of the application, which includes a statement that the persons on behalf of the said company will provide the auditor's report about the customer's annual report and consolidated accounts audit (inspection), is the subject of the auditor's certificate in another Member State and that this person professional qualifications are recognized in article 13 of this law in the order; 2) the competent authority of the Member State concerned issued that the auditor company is recorded in the Auditors of the company register. (3) within five working days after the second part of the receipt of the documents referred to in the Ministry of Finance shall examine them and electronically notify the other Member States concerned, the Auditors of the company are: 1) the certified auditor commercial companies license or motivated refusal will be issued (sent) 30 days; 2) is not filed in the second part of the document referred to in paragraph 2 and that the certified auditor commercial companies license or motivated refusal will be issued (sent) the part referred to in paragraph 1 only after all of this within the time limit referred to in the second subparagraph of article information is received. (4) If you have received all of this article the information referred to in the second subparagraph, the Ministry of Finance within 30 days, examine the documents and draw up an opinion on the recorded in the register of another Member State of a company of Auditors recognised as equivalent to the certified auditor of the company. (5) the Ministry of finance, if necessary, shall cooperate with the competent authority of the Member State concerned, to see with the information referred to in the second subparagraph of the related conditions. (6) If it is recognized that other Member State in the register of Auditors of registered company is equivalent to the certified auditor company, the Ministry of finance prepares and five working days shall forward its opinion to: 1) this company; 2) the Latvian Council of sworn auditors Association. (7) the Association of Latvian Certified Auditor Certified Auditor shall issue a license to a company in another Member State in the register of Auditors and company recorded record company their certified auditor in the register on the basis of the opinion of the Ministry of finance, and at the same time inform the Ministry of finance. (8) the Ministry of Finance within five working days after the seventh part of this article, of receipt of the information referred to in the Member State concerned shall inform the competent authority of that other Member State in the register of Auditors of registered commercial companies recording certified auditor company. " 11. Article 23: make the first paragraph by the following: "(1) If you have changed the certified auditor company composition or of the members of the Executive Board members, the composition of the shareholders or members, the company on relevant developments within 30 days from the date of occurrence of the change in writing to the Latvian Sworn Auditors Association."; to make the second part of paragraph 5 by the following: "5) company significantly violates this law or other Regulation No 537/2014;"; to supplement the article with the seventh subparagraph by the following: "(7) Latvian Sworn Auditors Association's decision on the certified auditor commercial companies license suspension or challenge shall not suspend the appeal against this decision." 12. Article 24: make the second part of paragraph 2 as follows: "2) legal address, contact person, telephone number, electronic mail address and a reference to the website address, if any;" supplemented with the sentence of the fourth subparagraph by the following: "the Ministry of finance in its homepage on the internet includes a reference to the Latvian Council of sworn auditors Association's home page on the internet where this registry is available." 13. in article 24.1: to complement the second subparagraph with the words and figures "(if included in the regulated market by 2010 31 December) or 100 000 euro (if included in the regulated market, starting with 1 January 2011); supplemented with the sentence of the fourth subparagraph by the following: "the Ministry of finance in its homepage on the internet includes a reference to the Latvian Council of sworn auditors Association home page where this registry is available." 14. in article 24.2: turn off the first part of paragraph 2, the words "and (if the Council is established)"; make the first part of paragraph 5 by the following: "5) the third-country auditor or auditors of the company of a third country in its homepage on the internet published transparency report that includes no 537/2014 of the regulation referred to in article 13 or equivalent information."; to supplement the first sentence of the second paragraph, after the words "Ministry of finance" with the words "in cooperation with the financial and capital market Commission". 15. Replace the text of article 24.3, the words "the disciplinary proceedings and the imposition of the fine system" with the words "disciplinary proceedings, proceedings, penalties, sanctions and the application of measures to control system". 16. the title of Chapter VI to express the following: "chapter VI sworn auditor's independence, objectivity and professional ethics". 17. Article 25: adding to the article name with the words "and objectivity"; make the first part as follows: "(1) a sworn auditor (also certified auditor company appointed responsible sworn auditor) of their profession is independent and objective." make the third paragraph as follows: "(3) the certified auditor company members, shareholders or members, the Manager, Board and Council (unless the Council is created) members and other persons is forbidden to tamper with the sworn auditor (also certified auditor commercial companies appointed the responsible auditor, certified) professional activities or their impact to influence the auditor's independence and objectivity, she as an independent expert opinion or opinion." to supplement the article with the fourth paragraph as follows: "(4) For professional activities, which manifests as audit service does not constitute sworn auditor unlawful act in the best interests of the client, as well as his performance in the customer's illegal act." 18. Make the article 26 as follows: "article 26. Circumstances in which the sworn auditor is compromised or sworn auditor commercial companies independence and impartiality (1) sworn auditor and certified auditor of the company is entitled to take on the annual accounts and the consolidated annual report of the Court only if the jury is not compromised, the statutory auditor certified auditor commercial companies appointed the responsible auditor and Certified sworn auditor commercial companies as well as outside experts or expert and Assistant to independence and impartiality. (2) a sworn auditor, certified auditor commercial companies appointed the responsible auditor and Certified sworn auditor commercial companies as well as outside experts or expert and Assistant to independence and impartiality is compromised, if any of the above persons have a direct or indirect interest in the outcome of the audit. That person threatens the independence and impartiality of such circumstances: 1) financial obligations and participation in the client's transactions; 2) or last three years been working relationship with client; 3) customer management functions; 4) sworn auditor or his spouse, or a child in custody, or other relative who has at least a year with a certified auditor is a joint holding, relationship or affinity up to the second degree with a customer or member of the Management Board; 5) essential dependence on revenue from one or more of related customer service; 6) for audit services according to the consideration received from the audit results or additional services provided; 7) gift or service, discount, or other adverse conditions of the transaction from the customer, except in the case when the objective and informed third party would consider the value of the minor, or who has no effect; 8) client (or related company) or involvement in basic capital transactions on the client (or related company) issued, guaranteed, or otherwise ensure the acquisition of the facility. This paragraph does not apply to the participation of only indirectly in various collective investment schemes (such as investment funds, alternative investment funds, life insurance, occupational pension schemes, investment plans or private pension plans). (3) a sworn auditor, certified auditor commercial companies appointed the responsible auditor and Certified sworn auditor commercial companies independence and impartiality is compromised, even if at least one of the second part of this article, these circumstances apply: 1) the auditor of a company network, which belongs to a sworn auditor or certified auditor company, partner; 2) certified auditor company members, shareholders or members, Manager, Executive Member, employee or any other person whose services are used or which directly or indirectly controls the sworn auditor, certified auditor commercial companies appointed the responsible auditor sworn or certified auditor of the company. (4) a sworn auditor and certified auditor of the company may not carry out the annual report and the consolidated annual report, if there is a risk that the client might have with the Certified Auditor Certified Auditor of the company or a related person, or risk that this audit may be related to a sworn auditor, certified auditor commercial companies appointed the responsible auditor, chartered or sworn auditor commercial companies vested interests (customer advocacy or intimidation in connection with participation in customer transactions , financial, civil, work or other type of relationship between the certified auditor, certified auditor, auditor of the company network or a company referred to in the third subparagraph of the physical person, which might directly or indirectly affect the audit results, and customer) as impartial and informed third party would conclude that the sworn auditor, certified auditor commercial companies responsible juror appointed auditor or certified auditor company independence is threatened. (5) the sworn auditor, certified auditor commercial companies appointed the responsible auditor, certified and sworn auditor commercial companies responsibility to audit working papers indicate the second and third subparagraphs in these conditions, if any are found, as well as specify the measures taken to prevent these conditions. (6) article 25 of this law, and referred to in this article shall be sworn auditor and certified auditor independence requirements of companies cover at least the period covered by the audited entity of the client (or under) the annual review or the consolidated annual report, and the period during which the sworn auditor or certified auditor company provides audit (or test) service. (7) If, during the period covered by the annual accounts of the customer, customer, reorganize the Division or merger, transformation, sworn auditor or certified auditor company assess whether customer incurred in reorganisation is the second and third subparagraphs referred to conditions that could endanger the sworn auditor or certified auditor company independence. Evaluate any non-audit services that provide for this client before its reorganization, which could affect the sworn auditor or certified auditor company independence and ability to continue this annual report of the client or the consolidated annual report of the audit after the date of entry into force of the reorganisation of the customer. (8) if the sworn auditor or certified auditor company finds independence threat in the seventh paragraph of this article, for these reasons, sworn auditor and certified auditor company is obliged at the earliest opportunity, but not later than three months from the date of the finding to take all necessary measures to prevent the conditions that pose a threat to the independence and may influence the auditor's objectivity sworn. (9) the sworn auditor, certified auditor company appointed responsible sworn auditor and certified auditor company before the annual accounts or consolidated annual accounts audit conclusion of the contract with the customer, as well as provided under this Treaty to the audit service during assessment and audit working papers immediately specify: 1) or sworn auditor, certified auditor company appointed responsible sworn auditor and certified auditor company comply with this statutory requirement of independence and impartiality; 2) or known any of this law, in article 25, and the second and third subparagraphs in these circumstances that would cause a reasonable doubt on sworn auditors, certified auditor commercial companies appointed the responsible auditor, chartered or sworn auditor commercial companies independence and impartiality, and to indicate the measures taken to prevent these circumstances; 3) or an outside expert or experts, assistants are competent enough in a particular customer or the consolidated annual report of the audit of the annual report and audit staff associated with this and other required resources is sufficient; 4) or to the planned audit time is sufficient to comply with the client's annual accounts or consolidated annual accounts audit contract obligations without violating this law and other legislative requirements; 5) certified auditor commercial companies are fulfilled in the case of article 31 of this law. " 19. Article 27: replace the first paragraph, the words "the law" on laundering "of" with the words and figures "a crime of money laundering and terrorist financing Prevention Act and Regulation No 537/2014"; Add to the second paragraph, the words "and the annual accounts and the consolidated annual report the last audit"; to supplement the article with the fourth and fifth by the following: "(4) without prejudice to the first subparagraph of the said rules of confidentiality, sworn auditor certified auditor or company that performs the annual accounts or consolidated annual accounts audit (examination) of the client which is part of a group whose parent company is located in a third country, is entitled to present this third country mentioned in the Group's responsible auditor or auditors of the company responsible for preparing its audit working papers If these documents are necessary for the Group's consolidated annual report audit (examination). In this case, to the processing of personal data of natural persons subject to the data protection act the data subject's right to request information about the processing of data, including for the purposes of the data processing, the recipients of the data, the sources of the right to obtain access to the data and request their modification, destruction, or prohibition of termination of treatment. (5) without prejudice to the first subparagraph of the said rules of confidentiality, sworn auditor or certified auditor company providing auditing services to the client, which the transferable securities are included in the third State on the regulated market or of a third country who is the Group subsidiary company is entitled to pass after these third-country competent authorities prepare for it audit working papers or other documents relating to the annual report of the customer or the consolidated annual report of the audit pursuant to this law, article 23.2. " 20. in article 28: Add to the first paragraph, the words "and the rules of professional conduct"; to supplement the first sentence with the following: "If the customer is a public-interest body, sworn auditor and certified auditor company also comply with Regulation No 537/2014 requirements annual report and consolidated accounts audit in the public interest."; Add to article 1.1 part as follows: "(11) if the customer is a State or municipal institution, sworn auditor and certified auditor company audit services According to the requirements of the law, subject to State control as group auditor's instructions, as well as in Latvia recognised international public sector auditing standards. National Audit Office as group auditor shall give guidance to the sworn auditor or certified auditor company to the current year's 15 October. "; to supplement the article with the fourth paragraph as follows: "(4) a sworn auditor and certified auditor company providing audit services to the State or local government body, is entitled to receive from the State controls its disposal from public registers and databases for information that requires the audit objective." 21. Article 29: make the second and the third part as follows: "(2) the customer as audits, expert or trust of the employer has the right to freely choose a Certified Auditor Certified Auditor of the company or, in so far as this does not prejudice this statutory auditor independence sworn, impartiality or other requirements, but in terms of public-interest entities — in Regulation No 537/2014 restrictions. Sworn auditor and certified auditor of the company has the right to freely choose a customer with whom a contract for the provision of professional services, in so far as this does not prejudice this statutory auditor independence sworn, impartiality or other requirements, but in terms of public-interest entities — in Regulation No 537/2014 restrictions. (3) a sworn auditor and certified auditor company audit services are provided in accordance with the conclusion of a written contract for the provision of these services, audit services agreement. Company members or member (shareholder) meeting has the right to freely choose a certified auditor certified auditor or company with which to close the audit of service contracts, insofar as this does not prejudice this statutory auditor independence sworn, impartiality or other requirements, but in terms of public-interest entities — in Regulation No 537/2014 restrictions. In this part of the said company member or participant (shareholder) meeting the right may not be restricted by not planned audit services agreement or any prior agreement, nor a Corporation Executive in provision contract concluded. "; Express 3.1 parts of the third sentence by the following: "client that is unilaterally resigned from the audit services contract, is obliged to report it to the Ministry of finance and the Latvian Council of sworn auditors Association, but if the customer is a public-interest body — the financial and capital market Commission, indicating the reasons."; Add to article 3.2, 3.3 and 3.4 of the part as follows: "If the Corporation is (32) public-interest entity, then the Corporation's members (shareholders), representing not less than one-twentieth part of the share capital, may take legal action against the Corporation on its members (shareholders) meeting in sworn auditor elected withdrawal, if there is a good reason. (33) the Sworn auditor and certified auditor of the company with which the end of the audit service agreement during the period of its activities (regardless of whether the grounds for termination of this contract is the customer or sworn auditor, or certified auditor commercial companies unilateral resignation) is obliged to report it to the Ministry of finance and the Latvian Council of sworn auditors Association, but if the customer that had been concluded before the expiry of the contract terminated, is a public-interest body -Financial and capital market Commission, stating the reasons. (34) the Sworn auditor and certified auditor of the company, which has concluded or extended service contracts the audit of annual accounts or consolidated annual accounts are audited by a customer who is a public-interest entity is obliged at the earliest opportunity, but not later than 30 days from the date of the entry into force of the Treaty, to notify the Ministry of finance as the competent authority the name of the customer and that the contract audit services term (in years) as well as the period for which the first prepared in accordance with this agreement or the accounts audited annual consolidated financial statements. "; turn off the fourth part; Add to article 4.1 part as follows: "(41) a sworn auditor and certified auditor of the company are not eligible for more than six years in a row to provide audit services to the same State or municipal institutions, as well as at least two years after the expiry of this period the customer is prohibited to participate in the audit of the annual accounts."; to make a fifth by the following: "(5) the Sworn Auditor Certified Auditor of the company and appointed a sworn auditor responsible for at least one year at the annual review or audit of the consolidated annual report of termination of the contract is prohibited to occupy posts its company board or Council, which has been the end customer in the agreement. If the end year review or audit of the consolidated annual report referred to in the contract the customer is a public-interest entity, the sworn auditor certified auditor of the company and appointed a sworn auditor responsible for at least two years after the termination of the agreement the following shall be prohibited: 1) occupy posts in public-interest bodies of the Board or Council; 2) become the public-interest entity Audit Committee member or, if the relevant public-interest entity Audit Committee do not constitute such institutions, Member of the Audit Committee in carrying out similar function. "; Add to article 5.1 part as follows: "(51) a sworn auditor, providing audit services as a sole proprietor or self-employed person, and certified auditor company appointed a sworn auditor responsible for at least one year after the audit service is forbidden to occupy the post of my former client's governance body, the Management Board, the Council, the Audit Committee or, if the customer does not constitute an Audit Committee, a body that performs a similar function to the Audit Committee." 22. Add to article 30, the first paragraph after the word "independence" by the words "and objectivity". 23. To supplement the law with article 31.1 the following: ' article 31.1. Cabinet's competence in the field of the audit service of the Cabinet of Ministers shall lay down the organisational, resource planning, document management, registry and use requirements making sworn auditors and sworn auditor commercial companies. " 24. Article 32: adding to paragraph 2 with the words "and the place of preparation"; to supplement the article with paragraph 8 by the following: ' 8) if the message the author is a certified auditor of the company, its legal address, but if the author of the message is a sworn auditor as a sole proprietor or self-employed person — also the specified address or, if one is specified, the declared place of residence address. "; to supplement the article with the second, third and fourth subparagraph by the following: "(2) if the annual accounts or consolidated annual accounts audit involves a number of sworn auditors, providing audit services as individual entrepreneurs or self-employed persons, or certified auditor company appointed sworn auditors responsible and they have agreed on the results of the audit, they submit a joint auditor's report signed by all the above sworn auditors. (3) if the annual accounts or consolidated annual accounts audit involves a number of sworn auditors, providing audit services as individual entrepreneurs or self-employed persons, or certified auditor company responsible appointed by the Chartered Auditors who cannot agree on the results of the audit as a whole or for individual audit report or opinion points to be included, they submit a joint auditor's report, in which each of those sworn auditors include the separate opinion on the results of that audit or a separate auditor's report or opinion points that indicates that there is no agreement. (4) the first paragraph of this article shall also apply to the auditor's audit report, which the auditor provided sworn in accordance with article 28.1 of the Act for the limited inspection, then the application of this law article 7, paragraph 1, "a", "b", "c" and "d" section. ";
believe the current text of the first part of the article. 25. in article 33.1: replace the first paragraph, first sentence, the word "three" with the word "four";
to supplement the first sentence with the following: "transparency report shall be prepared and published in accordance with Regulation No. 537/2014 article 13."; to turn off the second part. 26. Article 34: to complement the article name with the words "reports and other documents"; Add to article 2.1 part as follows: "(21) sworn or certified auditor the auditor appointed by the responsible company chartered auditors prepared audit reports and other Regulation No 537/2014 article 15 mentioned in the reports and documents, including legislation governing the work of the Organization, resource planning, document management, registry and use requirements making sworn auditors and sworn auditor commercial companies, these policies and procedures, client accounting records, received written complaints, claims and accounting records, as well as other annual accounts or consolidated annual accounts audit-related information is stored in the documented for at least five years. "; replace the first sentence of the third paragraph with the following text: "audit working papers, as well as this article reports referred to in part 2.1 and other documents are available to audit the service quality control and audit services quality control requirements for verification purposes. Persons carrying out audits of quality control services are subject to the same confidentiality requirements laid down in the sworn auditor and certified auditor of the company in the second paragraph of this article. " 27. in article 34.1: to supplement the first part with the words and figures "but in the case of Regulation No 537/2014 the auditor referred to in article 10 and article 11 that additional message"; replace the fourth subparagraph, the words "working documents" (fold) with the words "audit working papers" (the fold); to make a fifth by the following: "(5) if the legal or other conditions impede access to third-country auditor or a third-country auditor commercial companies prepared the audit working papers, auditor of the group responsible for its certified audit working papers add to the evidence that he has taken all reasonable steps to gain access to the third-country auditor or a third-country auditor commercial companies prepared the audit working papers, and the immediate circumstances, evidence of validity, and shall inform the Ministry of finance. If necessary, the responsible group sworn auditors (personally or by getting another in the second part of the said person) provides additional audit procedures, which he considers necessary in connection with the consolidation Group subsidiary involved in the firm's annual review audit (examination). "; to supplement the article with the sixth, seventh and eighth as follows: "(6) where a sworn officer of the group auditor is performed audit services provided by the quality assurance inspection or audit services quality control requirements of the check, or investigative activities related to the audit of the consolidated annual report, the Group's responsible auditor shall submit the sworn Latvian Sworn Auditors Association or the Ministry of finance, at its request, the relevant documents that it saved relating to third-country auditor or auditors of the company of a third country of the audit work carried out by the consolidated annual report of the audit including all audit working papers relating to the audit of the consolidated annual report. (7) the Ministry of Finance has the right to request and receive from other competent authorities in the sixth paragraph of this article, the quality assurance inspection, audit quality control services to verify compliance with the requirements or information required for the investigation and documentation of sworn auditors or certified auditor of the work carried out by the companies of the Group audit. In cooperation with other competent authorities, the Ministry of finance respects the confidentiality requirements for information and document exchange. (8) where a parent company or subsidiaries annual report audited by a third-country auditor or auditors of the company of a third country, the Finance Ministry has the right to request additional documents and information from the competent authority of the third country concerned of the third country or third country auditor the auditor of a company audit, applying this law referred to in article 23.2 cooperation activities. " 28. Article 35 off. 29. in article 35.1: make the first paragraph by the following: "(1) the Ministry of finance in cooperation with the Latvian Council of sworn auditors Association provides access to risk-based audit services quality control, in order to meet legislative, Latvia recognised international auditing standard and Latvia recognized international public sector audit standards, the rules of professional conduct, independence and impartiality in the provision of audit services. The Ministry of finance to provide risk assessments based on audit quality control services (audit services requirements of quality control test) them certified auditor commercial companies and those sworn auditors who have provided audit services for public-interest entities over the last three years since the last audit the services those quality control. "; make the second paragraph, the introductory paragraph as follows: "(2) in the first part of the audit referred to in the quality control of the services is subject to:"; replace the second part of paragraph 1, the word "five" with the word "six"; Add to the second part of paragraph 3 with the following: "3) all certified auditor commercial companies and chartered accountants providing audit services to State and local government institutions, — at least every six years. '; make the third paragraph as follows: "(3) the Latvian Council of sworn auditors Association provides audit services quality control check certified auditor commercial companies and sworn auditors and inform the Finance Ministry of its results, including the findings and conclusions. Audit services quality control check certified auditor commercial companies and those sworn auditors who do not provide audit services to public interest bodies, carried out in accordance with the Charter, which, in coordination with the Ministry of finance approves the Latvian Council of sworn auditors Association. "; to supplement the 3.1 part after the word "three" with the words "and six"; Add to article 3.2 of the following paragraph: "(32) certified auditor commercial companies and chartered accountants providing audit services for public-interest entities, each year before 1 July shall be submitted to the Ministry of finance regulation No 537/2014 information referred to in article 14, as well as information for the previous calendar year for acquired professional qualifications (education) programs. The Ministry of finance collects and analyzes the information and take measures to prevent the non-compliance found. "; to make the fourth subparagraph by the following: "(4) the Ministry of finance authorized representative not less frequently than every three years to verify audit services quality control requirements follow the certified auditor commercial companies and chartered accountants providing audit services for public-interest entities, and this test protocol. Audit services requirements of quality control checks carried out in accordance with the requirements of this Act and Regulation No 537/2014 article 26. The Cabinet determines audit quality control compliance testing procedures authorised representatives qualifications, tests to be included in the Protocol, as well as the content of programmes. The Ministry of finance authorized representative has the right to carry out audit services quality control, verification of compliance with the requirements of the certified auditor's practice or certified auditor company that provides audit services for public-interest bodies. "; Add to article 4.1 part as follows: "(41) to ensure audit quality control compliance checks under Regulation No. 537/2014, the requirements of article 26 sworn auditor practice or certified auditor company that provides audit services for public-interest entities, the Ministry of Finance has the right to attract experts to specific checks. The meaning of this article, the term "expert" with the Regulation No. 537/2014 article 26, paragraph 1, point "c" used the term "expert". "; adding to the fifth subparagraph, the first sentence with the words and figures "as well as the request of the auditor or the inspected certified sworn auditor commercial companies other news, documents and explanations that required regulation No 537/2014 article 26, paragraph 6 the obligations and audit services quality control compliance testing and is certified auditor or certified auditor commercial companies in action"; Supplement to the eighth article as follows: "(8) the Latvian Council of sworn auditors Association, performing quality control check for sworn auditor, or certified auditor company that provides audit services to State and local authorities, have a duty to obtain information from public scrutiny as to whether the national audit office as group auditor to prepare an opinion on the financial year of the Republic of Latvia on the implementation of the State budget and municipal budgets for the previous reporting year could use auditor's respective sworn or certified auditor commercial companies carry out financial audits of State and local government institutions and its opinion of the result. " 30. Adding to the third paragraph of article 36.1 after the words "information about" with the words "the implementation of the national policy in the field of audit and company". 31. To supplement the law with the chapter VIII1 as follows: "the provisions of chapter VIII1 Regulation No 537/2014 article 37.5 of the application. (1) the competent authority in accordance with Regulation No 537/2014 article 20, paragraph 1, the competent authority responsible for the tasks provided for in this regulation, enforcement and application of the provisions of this Regulation (except in Regulation No 537/2014 and the accomplishment of the tasks provided for the application of the rules, for which the provision of application performance and as the responsible authority in the second paragraph of this article are laid down in the financial and capital market Commission) is the Ministry of finance. (2) in accordance with Regulation No 537/2014 article 20 (2) of the competent authority responsible for ensuring that this regulation chapter III 16., 17., and article 19, of the application of the provisions of the financial and capital market Commission. As in this part, the competent authority referred to in the financial and capital market Commission performs the following duties: 1) monitor, or public-interest entity shall comply with this Act and the regulations No. 537/2014 the provisions of article 16 concerning the sworn auditor or certified auditor company appointment and of public-interest entities or public-interest entity, make the conclusion of the audit of service contracts or extended the term of that agreement, has followed the law and the regulation of article 23.5 No 537/2014 article 17 rules concerning the audit task duration period of public-interest entity; 2) 10 working days from the day of receipt of the article 29 of the Act 3.1 or 3.3 part report on audit service, the termination of the contract before the end of the term, in accordance with Regulation No 537/2014 article 19 requirements in writing notify the Ministry of finance; 3) shall immediately notify the Ministry of Finance on the financial and capital market Commission as competent authorities in the monitoring process found this law and Regulation No 537/2014 claim possible irregularities involving a public-interest body appointed a sworn auditor certified auditor or company; 4) no later than next February 1, collect and submit written information to the Ministry of Finance on measures taken in the previous year and issued regulations related to this part of the supervision referred to in paragraph 1. (3) the financial and capital market Commission is entitled to issue rules on regulation, Regulation No 537/2014 III 16., 17., and article 19 of the agenda. (4) Regulation (EC) No 537/2014 article 8, paragraph 5 "g" referred to the competent authority is the Ministry of finance and the financial and capital market Commission. Article 23.4. Non-audit services (1) Sworn auditor and certified auditor of the company that carries out public-interest entity's annual accounts or consolidated accounts are audited, but if the sworn auditor or certified auditor is the auditor of the company commercial network partner, — any company this auditor also network partner is prohibited by Regulation No 537/2014 5. in the first subparagraph of paragraph 1 of article specified period to provide the public-interest body , its parent company and the subsidiaries of the parent companies in the European Union Regulation No. 537/2014 article 5 paragraph 1 referred to in the second subparagraph of prohibited non-audit services. The exception is the non-audit services, referred to in the second paragraph of this article, provided that you comply with all of the third paragraph of this article. (2) non-audit services that are eligible to provide the first paragraph of this article, the sworn auditor certified auditor and the auditor of the company commercial network partner, if you run all of the third paragraph of this article, the conditions are as follows: 1) tax consultant services, including advice on tax relief, tax calculation and tax return preparation; 2) provision of advice on financial help and support payments. (3) the first paragraph of this article, the sworn auditor certified auditor and the auditor of the company commercial network partner is entitled to give the second part of the above non-audit services, if all the following conditions are satisfied: 1) these services (individually or as a whole) do not have direct effect or there is a significant impact on public-interest entity's annual accounts or consolidated accounts; 2) these services not associated with the management of public-interest entities or decisions; 3) this service impact on public-interest entity's annual accounts or consolidated accounts is a comprehensive assessment of documented and explained in a public-interest entity Audit Committee or equivalent body according to Regulation No 537/2014 article 11; 4) sworn or certified auditor the auditor of the company comply with this statutory requirement of independence; 5) this provision of the services before they are launched, has been approved by the public-interest entity's Audit Committee or equivalent body. Article 37.7. Non-audit service charge receipts limitation and exemption (1) pursuant to Regulation No. 537/2014 article 4 paragraph 2 of the first paragraph of the Auditor, if sworn or certified auditor company provides audit services for public-interest entity and at the same time that company or its parent or subsidiary also provided non-audit services, other than article 5 of this Regulation referred to in paragraph 1 non-audit services are prohibited three consecutive years or more, the report estimated remuneration (fee) total for these non-audit services review in that three-year period may not exceed 70 per cent of the average annual payment of annual accounts and consolidated annual accounts audit (examination). The average cost for the year is calculated based on the last three reporting years calculated fees on annual accounts and the consolidated annual report of the audit (inspection) carried out a public-interest body and, where appropriate, its parent or subsidiary. (2) in exceptional cases, if you received a sworn or certified auditor the auditor of a company, which carries out the annual report and the consolidated annual report of the audit (examination) of public-interest entities, the application which justified the need to receive the exemption in respect of public-interest entities, financial and capital market Commission is entitled to release this certified auditor or certified auditor company from the first paragraph of this article of the Regulation No 537/2014 article 4(2), first subparagraph, the requirements in respect of public-interest entities. Such exemption may be granted for a period not exceeding two years. Article 23.5. The maximum duration of the audit task and its extension (1) pursuant to Regulation No. 537/2014 article 17, paragraph 1, second subparagraph sworn auditor and certified auditor of the company are not eligible for more than 10 years to make the annual report and the consolidated annual report of the audit (examination) of the same public-interest entity (referred to in this article, the maximum duration of the audit task). (2) by way of derogation from the first paragraph of this article, the rules of public-interest entities is entitled to extend the term of the audit mission of the certified auditor of the company for that period would be longer than the first paragraph of this article maximum audit deadline, if it adheres to the following two conditions: 1) after the end of the maximum period of the audit task, the public-interest entity shall organise the public procurement of audit services using a tendering procedure; 2) maximum deadline of the task of the audit together with its extension (hereinafter in this article — deadline extended audit tasks) not exceeding 20 years. (3) pursuant to Regulation No. 537/2014 article 17 3 Chartered auditor and a certified auditor company banned after the first paragraph of this article, the maximum audit task deadline or after this referred to in the second paragraph of article extended audit deadline of the task to take on new tasks in that audit public-interest bodies of at least four years. If the sworn auditor or certified auditor the auditor of the company belong to a company in this part of the network, that prohibition also applies to the network partners. Article 23.5. Audit Committee (1) the company, which is registered in Latvia and whose transferable securities are included in the regulated market, the Member State shall establish an Audit Committee and ensure its functioning according to the law on the financial instruments market. (2) public-interest entity which is not referred to in the first paragraph of the company, establishing the Audit Committee or its equivalent structure by applying the financial instruments market law section D of chapter Ii set out in the Audit Committee, and performance requirements. Public-interest entity may not create the Audit Committee, if this structure corresponds to one of the financial instruments market law in the fourth paragraph of article 55.11 conditions or it is a private pension fund law "on private pension funds," or State funded pension scheme funds Manager national occupational pensions law. (3) public interest entity is obliged within five working days after the financial and capital market Commission's written request, to provide the financial and capital market Commission Regulation No 537/2014 article 11 additional report referred to the Audit Committee. 37.10 article. The responsibility of public-interest entities (1) where a company which is registered in Latvia and whose transferable securities are included in the regulated market, the Member State has not complied with this law, article 23.5 the first or third part requirements, financial and capital market Commission is entitled to apply to that company financial instruments market law article 148 eighteenth, part of sanctions or surveillance measures. Financial instruments market law says such sanctions or measures of supervision and publication procedures, as well as the financial and capital market Commission issued the administrative act imposing these sanctions or surveillance measures, appeal procedures. (2) If a public-interest entity which is not referred to in the first paragraph, the company has not adhered to this law, in article 37.9 second or third part, financial and capital market Commission is entitled to apply the public-interest structure of one or more of the following sanctions or supervisory measures: 1) warn; 2) publish the financial and capital market Commission's home page on the internet a public statement indicating the person responsible for the infringement and the nature of the infringement; 3) require that the person responsible for the infringement ceases the activity; 4) fix the provisional prohibition of the commercial Council or the Executive Board, who is responsible for the infringement in question, for a period of up to three years to meet their obligations to the company; 5) company to impose fines of up to 10 percent from the previous year's net sales amount. If 10 percent of the previous year's net sales amount is less than 142 300 euro, financial and capital market Commission is entitled to impose a fine of up to € 142 300 6) impose for infringement of the responsible natural person a penalty of up to one million euros. (3) when a public-interest entity has not complied with this Act and the regulations No. 537/2014 the provisions of article 16 concerning the sworn auditor certified auditor or the appointment of a company public-interest entity or if the audit services contract with a certified auditor certified auditor or company or in the extended contract period, has not adhered to this law and Regulation No 537/2014 article 17 rules concerning the audit task duration period of public meaning structure Financial and capital market Commission is entitled to apply the public-interest structure of one or more of the referred to in the second subparagraph of article sanctions or surveillance measures. (4) On the second and third subparagraphs the infringements referred to in fines collected are credited to the State budget. (5) the financial and capital market Commission information on sanctions and monitoring measures which persons applied for the second and third subparagraphs the irregularities, said on its website on the internet, showing the details of the administrative act issued appeals and accepted the ruling. (6) in the fifth paragraph of this article, the information referred to in the financial and capital market Commission is entitled: 1) to the public, without identifying the person, if, after the preliminary assessment, finds that the disclosure of personal data for which an appropriate sanction or measure of supervision is disproportionate or the natural or legal person can compromise the data through financial market stability or progress of criminal proceedings initiated or cause disproportionate damage to the parties involved; 2 If, after the public) without prior assessment, finds that the disclosure of such information would undermine financial market stability or not proportionate to the infringement committed. (7) the financial and capital market Commission on administrative acts issued in accordance with the second and third of the sanctions applied or surveillance measures may be appealed to the administrative court. (8) the financial and capital market Commission within five working days from the date of adoption of the decision, in writing, inform the Ministry of Finance on sanctions and monitoring measures applied for the second and third subparagraphs above violations, indicating the responsible person who has applied these sanctions and monitoring measures, and those sanctions and measures. " 32. To complement the 38.1 the first paragraph with the sentence the following wording: "the order in which the Latvian Council of sworn auditors Association issues decisions in disciplinary, administrative law determines the procedures for issuing regulatory laws." 33. To supplement the law with article 38.2 and 38.3 the following: "article 38.2. Sanctions and monitoring measures, administrative issues and appeals (1) the Ministry of Finance issued administrative acts (decisions) of sanctions and the application of the monitoring activities in the cases laid down in this article is sworn auditors and sworn auditor commercial companies that provide audit services to public interest bodies. The order in which the Ministry of Finance issued administrative acts (decisions), establishes the administrative procedures for issuing regulatory laws. (2) the Ministry of finance administrative act (decision) issued in connection with the sanctions referred to in this article or surveillance measures, may appeal to the administrative court. The administrative district court case as a Court of first instance. The case is being heard in the three judges. Administrative District Court judgment may be appealed by submitting an appeal in cassation. (3) the administrative acts of the Ministry of Finance (decision) issued in connection with the sanctions referred to in this article and the surveillance measures, the appeal shall not suspend the operation of the Act (decision). (4) Of this Act and Regulation No 537/2014 non-compliance of the Ministry of Finance has the right to apply one or more of the following sanctions or surveillance measures: 1) warn; 2) require a sworn auditor or certified auditor company to immediately stop actions that constitute the activities, the results of which are or may be in breach of the certified auditor professional regulatory legislation and Regulation No 537/2014; 3) prohibit the sworn auditor, certified auditor of the company or the responsible certified auditor or certified auditor company for a period of up to three years to provide audit services and sign a sworn auditor's report; 4) publish the Ministry of Finance website internet public notification that the signed a sworn auditor's report does not meet this legal sworn auditor's report content and Regulation No 537/2014 set out in article 10 of the audit report; 5) determine the temporary prohibition of the certified auditor company governance structure member, if it is a certified auditor and is responsible for the infringement in question, for a period of up to three years to fulfill his obligations in the certified auditor company; 6) to publish financial information on the internet website of the Ministry, indicating an infringement of the Certified Auditor (the sworn auditor's name and certificate number) and the responsible company certified auditor (certified auditor company name and license number), as well as the nature of the infringement committed; 7) impose for infringement of the sworn auditor responsible for fines of up to 7200 euros and responsible for the infringement certified auditor company — up to 14 200 euro. (5) the decision of the fourth paragraph of this article that sanctions and the application of measures to control a sworn auditors and sworn auditor commercial companies, the Ministry of Finance also take account of: 1) the gravity of the infringement; 2) the duration of the infringement; 3) personal responsibility; 4) as a result of infringement of personal income is obtained; 5) misconduct caused damages; 6) cooperation with the Ministry of Finance of the infringement; 7) personal financial position: Certified Auditor company — total net turnover in the preceding financial year, sworn auditor who performs professional activities as an individual business person or self-employed person, the total turnover (revenue) from economic transactions of the previous reporting year; 8) persons above breaches committed professional in the field of the provision of services. (6) the Ministry of Finance issued recommendations (guidelines) the fourth part of this article that sanctions and the application of measures to control and place it in your home page on the internet. (7) the Ministry of finance does not apply the fourth paragraph of this article, these sanctions and monitoring measures in connection with criminal proceedings or disciplinary proceedings for the same offence. (8) the Ministry of finance during the month following each calendar year shall be prepared and submitted to the Audit Committee of the supervisory bodies to gather information about previous years applied in the fourth paragraph of this article, the following sanctions and monitoring measures, as well as applied this law, 37.10 in the first, second and third subparagraphs the following sanctions and monitoring activities, giving anyone with the appropriate penalties and monitoring measures, and appropriate sanctions and monitoring measures. (9) the Finance Ministry to immediately inform the supervisory bodies of the European Audit Committee on the fourth paragraph of this article 3 and 5 of the penalties referred to in paragraph 1 or the application of the monitoring activities, giving a person a penalty or monitoring measures would be appropriate, and the penalties imposed or the type of monitoring activities, as well as on this law, 37.10 the second paragraph of article 4 and the financial instruments market law 148 of part of article 18, paragraph 3 these penalties or measures of supervision of the application of the to indicate the person to whom the penalty or monitoring measures would be appropriate, and the penalties imposed or the nature of the monitoring activities. (10) the fines levied for violations, which it imposed in accordance with the fourth paragraph of this article, point 7, is credited to the State budget. The Ministry of finance, the fine imposed on the person in charge not later than one month from the date of entry into force of the decision of the Ministry of finance for the imposition of fines. 23.8 article. The decision to publish (1) Ministry of finance information about people applied this law in the fourth paragraph of article 38.2 the said sanctions and monitoring measures on its home page on the internet, showing the person responsible for the infringement (the sworn auditor's name, certificate number and certified auditor of the company name, registration number and licence number), type and nature of the offence and the applicable sanctions, Ministry of finance, or surveillance measures, as well as details of the administrative act issued appeals against decisions and accepted the Court ruling. (2) the first paragraph of this article, the information Ministry of Finance on its homepage on the internet within five working days from the date of expiry of the Act (decision) the deadline for appeals and it is not appealed. (3) the first paragraph of this article, the information Ministry of finance public, without identifying the person, if, after the preliminary assessment, finds that the disclosure of personal data for which an appropriate sanction or measure of supervision is disproportionate or the natural or legal person can compromise the data through financial market stability or progress of criminal proceedings initiated or cause disproportionate damage to the parties involved. (4) if the circumstances referred to in the third subparagraph on reasonable period may expire, the first paragraph of this article on the publication of the information may be postponed to the following period. (5) in accordance with the procedure laid down in this article, the Ministry of Finance website in the internet information is available for at least five years from the date of the first insertion. " 34. transitional provisions be supplemented by 14, 15, 16, 17, 18, 19, 20 and 21 of the following paragraph: "the 14 to the amendment of other laws they used the reference to the law on Certified Auditors" (fold), understood as a reference to the Audit Service Act (the fold). 15. Certified Auditor company which does not comply with article 21 of this law, the fourth part (no less than 75 percent of the Board members are sworn auditors or auditors of the Member States) is entitled to continue the provision of audit services, but not longer than until 1 January 2018. 16. Article 28 of this law, the provisions of part 1.1 applies, starting with 2017. the audit of the annual report. 17. Taking article 29 of this law, in part 4.1 fixed a time-limit for countable from this rule into force. 18. This law, article 23.5 shall apply, having regard to Regulation No 537/2014 article 41 conditions. 19. This Act 23.5 referred to in the second subparagraph of article of public-interest entities make up the Audit Committee equivalent structure or elected by the Audit Committee at the next shareholders ' meeting, but no later than 12 months from the date of entry into force of the rules. 20. Financial and capital market Commission in accordance with the financial and capital market Commission of the law of the second paragraph of article 17.1 till 2018 1 January issued recommendations (guidelines) of this law, the sanctions referred to in article 37.10 and surveillance measures and place it in your home page on the internet. 21. The Ministry of finance until 2018 1 January issued recommendations (guidelines) of this law, the sanctions referred to in article 38.2 and surveillance measures and place it in your home page on the internet. " 35. To complement the informative reference to European Union directives, with 11. and paragraph 12 as follows: ' 11) the European Parliament and of the Council on 2014 2014 16 April directive/56/EU, amending Directive 2006/43/EC on statutory audits of annual accounts and consolidated accounts (text with EEA relevance); 12) the European Parliament and of the Council on 2014 October 22, 2014/95/EU directive, amending Directive 2013/34/ES for a certain group of large companies and non-financial information disclosures and diversity (text with EEA relevance) ". The law shall enter into force on January 1, 2017. The Parliament adopted the law in 2016, on 15 December. The President r. vējonis Riga 2016 29 December