In its Letter the State Committee of Ukraine for Regulatory Policy and Entrepreneurship informs enterprises that, in accordance with Article 14, the Law of Ukraine “On Accounting and Financial Reporting in Ukraine", enterprises (except for budget-funded institutions) should file to the local State Registrar financial reporting on their business activity. The financial reporting should come in the form of the balance sheet and annual income statement and should be filed before June 1 of the year that follows the reporting period.
In the opinion of the State Committee of Ukraine for Regulatory Policy and Entrepreneurship, since Part 3, Article 14 of the Law of Ukraine “On Accounting and Financial Reporting in Ukraine” contains an exclusive list of documents to be filed to the State Registrar and the list has no official document such as an audit opinion. Therefore, the State Registrar has no grounds to demand either filing of an audit opinion to confirm fairness and completeness of the annual balance sheet and annual income statement filed by an enterprise, or specification of data about the availability of such audit opinion.
In its Letter the State Committee of Ukraine for Regulatory Policy and Entrepreneurship informs enterprises that, in accordance with Article 14, the Law of Ukraine “On Accounting and Financial Reporting in Ukraine", enterprises (except for budget-funded institutions) should file to the local State Registrar financial reporting on their business activity. The financial reporting should come in the form of the balance sheet and annual income statement and should be filed before June 1 of the year that follows the reporting period.
In the opinion of the State Committee of Ukraine for Regulatory Policy and Entrepreneurship, since Part 3, Article 14 of the Law of Ukraine “On Accounting and Financial Reporting in Ukraine” contains an exclusive list of documents to be filed to the State Registrar and the list has no official document such as an audit opinion. Therefore, the State Registrar has no grounds to demand either filing of an audit opinion to confirm fairness and completeness of the annual balance sheet and annual income statement filed by an enterprise, or specification of data about the availability of such audit opinion.