In accordance with the requirements of Article 1 of the Law of Ukraine on Accounting and Financial Reporting in Ukraine, enterprises of public interest are enterprises issuing securities whose securities are admitted to trading on a regulated capital market or whose securities are publicly offered, banks, insurers, non-state pension funds, other financial institutions (except for other financial institutions and non-state pension funds belonging to microenterprises and small enterprises) and enterprises that are classified as large enterprises under this Law.
Pursuant to part eight of Article 29 of the Law of Ukraine on Audit of Financial Statements and Auditing Activities, public interest entities shall, prior to signing the agreement on the audit of financial statements, inform the relevant public authority to which the financial statements together with the auditor’s report are submitted in accordance with the law about the auditor who will provide these services. The form of the notification is established by such government authority.
The NSSMC Resolution on Approval of Forms of Notifications Submitted to the NSSMC by an Enterprise of Public Interest on the Audit Entity to Provide Financial Statement Audit Services dated 27.06.2023 No. 714, registered with the Ministry of Justice of Ukraine on 11 August 2023 under No. 1383/40439, established the relevant forms of notifications submitted to the NSSMC by enterprises of public interest on the audit entity to provide financial statement audit services.
This Resolution does not apply to banks and insurers.