The Ukraine National Commission on Securities and Stock Market has strengthened its monitoring of asset valuations for participants in capital markets and organized commodity markets after identifying cases of significant overstatement of asset carrying values. The measures require independent confirmation of asset values in defined circumstances and are accompanied by steps to reinforce auditor accountability and practice. Market participants must engage independent appraisers to confirm asset values where the carrying amount exceeds 100% of the acquisition cost or the previous book value. In parallel, the Commission has asked the Audit Chamber of Ukraine to clarify auditors’ responsibility for confirming asset values in financial statements and the practice of applying international auditing standards, and it has issued an information letter based on Ukrainian Banking Association materials with practical guidance aimed at improving the reliability and transparency of reporting.
Ukraine National Commission on Securities and Stock Market 2025-06-04
Ukraine National Commission on Securities and Stock Market tightens asset valuation oversight with mandatory independent appraisals for values more than 100% above cost or prior book value
The Ukraine National Commission on Securities and Stock Market has enhanced oversight of asset valuations in capital and commodity markets due to significant overstatements. New measures mandate independent appraisals when asset values exceed 100% of acquisition cost or previous book value, alongside reinforced auditor accountability. The Commission has requested the Audit Chamber of Ukraine to clarify auditors' responsibilities and issued guidance to improve reporting transparency.