Support to the Ministry of Finance of the Republic of Belarus on International Standards of Auditing

Country
Belarus
Position
Team of 3-5 experts
Expected Start
01 September 2019
Duration
330 working days
Deadline
06 June 2019
Contact
Aylin Alpagot ( aalpagot@proman.lu )

Detailed description Back

The main objective is to establish an institutional audit framework in the Republic of Belarus based on international best practice that meets modern conditions in accordance with international standards, as well as building capacity for training specialists, developing and applying an effective system of quality control of audit services provided.

Based on the best European practices, the specific objectives are:

I. Training on the theoretical and practical application of International Standards on Auditing, including internal quality control and the Code of Ethics;

II. To study the regional practice of the institutional structure of the Chamber of Auditors and its operation principles (conceptual framework), as well as to develop proposals and recommendations on the content of the Chamber of Auditors Charter and the provisions on the bodies that are part of the Chamber of Auditors;

III. To study the European practices on identified violations of standards on auditing, methods of classifying violations, and enforcement actions applied in different countries;

IV. To study the European experience of the mechanism for organizing public supervision (the Supervisory Board) over the activities of the self-regulatory organization (the Chamber of Auditors) and for the audit of public-interest entities, as well as to develop proposals and recommendations on the organization of such supervision, procedures for conducting and documenting the results;

V. To develop the Chamber of Auditors Internal Rules on Auditing (CAIRAs) for the establish and maintain a system of internal quality control within which the members of the Chamber of Auditors should be conducted;

VI. To develop the Chamber of Auditors Rules on External Quality Control (CAREQC) for the establish and maintain a system of external quality control over the Chamber of Auditors members activities and ensure elimination of violations;

VII. To hold the final meeting and the Conference with the subjects of audit community.

Qualifications

Categories of staff/experts

  • Category and duration of equivalent experience
    • Category I
    • At least 12 years of general professional experience in the sector 3 under Lot 5;
    • Member of ACCA (FCCA) or ICAEW;
  • Education
    • At least Master's Degree, preferably in economics or other relevant field or, in its absence, at least 5 additional years of professional experience on top of the 12 required under general professional experience above;
  • Experience
    • At least 5 years of specific professional experience in the area of international standards of audit;
    • At least 5 years in performing senior and managerial responsibilities in public audit practice;
    • At least two references in establishment and/or maintaining the internal audit quality control system and/or applying the Code of Ethics in auditing and ISA;
    • At least 5 years of specific professional experience in organizing and conducting inspections on external quality control of audit services in accordance with international standards;
    • At least 3 years of specific professional experience with international associations of audit regulators (IFIAR or EAIG or CEAOB, etc.)
  • Language skills for each expert:
    • Fluency in both written and spoken English;
    • Fluency in Russian.

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