PRESS RELEASE on the adoption of the order of the Deputy Prime Minister of the Republic of Kazakhstan - Minister of Finance of the Republic of Kazakhstan dated September 8, 2022 No. 932 «On amendments to the Order of the Minister of Finance of the Republic of Kazakhstan dated December 13, 2007 No. 455 «On approval of qualification requirements for professional accountants»»

PRESS RELEASE

on the adoption of the order of the Deputy Prime Minister of the Republic of Kazakhstan - Minister of Finance of the Republic of Kazakhstan dated September 8, 2022 No. 932 «On amendments to the Order of the Minister of Finance of the Republic of Kazakhstan dated December 13, 2007 No. 455 «On approval of qualification requirements for professional accountants»»

 

The order of the Deputy Prime Minister of the Republic of Kazakhstan - the Minister of  Finance of the Republic of Kazakhstan dated September 8, 2022
No. 932 «On amendments to the Order of the Minister of Finance of the Republic of Kazakhstan dated December 13, 2007 No. 455 «On approval of Qualification requirements for professional accountants»» was adopted.

This order was developed in order to bring in line with paragraph 10 of the Rules for Certification of Candidates for Professional Accountants approved by Order No. 291 of the Deputy Prime Minister of the Republic of Kazakhstan - Minister of Finance of the Republic of Kazakhstan dated June 25, 2014, which already established a list of documents confirming work experience for registration for certification of candidates for professional accountants.

In accordance with paragraph 4 of Article 22 of the Law of the Republic of Kazakhstan «On Accounting and Financial Reporting», admission of candidates for professional accountants to participate in examinations for obtaining
a certificate is carried out in accordance with the qualification requirements for professional accountants.

In this regard, the presence of a certificate issued by an accredited organization for professional certification of accountants before certification is excluded in order to bring it into compliance with the above-mentioned norm of the Law.  

As you know, paragraph 1 of Article 22 of the Law of the Republic of Kazakhstan «On Accounting and Financial Reporting» certification of candidates for professional accountants is carried out by a certification organization.

A professional accountant is appointed to the position of chief accountant of a public interest organization, a branch of a non–resident bank of the Republic of Kazakhstan, a branch of a non–resident insurance (reinsurance) organization of the Republic of Kazakhstan, a branch of a non–resident insurance broker of the Republic of Kazakhstan (Article 9 of the Law of the Republic of Kazakhstan «On Accounting and Financial Reporting»).