The Ministry of Finance of the Republic of Kazakhstan published a draft ministerial order to amend its 2015 minimum requirements for audit organizations that conduct mandatory audits, aiming to clarify how external quality control is scoped and assessed. Developed under Article 19(2) of Kazakhstan’s Law on Audit Activities, the draft would differentiate the objects of external quality control carried out by a professional council and by a professional audit organization, and specify the assessment used to confirm an audit organization’s compliance with international auditing standards and the Code of Ethics based on external quality control results. The Ministry indicates the changes are not expected to entail negative socio-economic or legal consequences.

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