The Cabinet of Ministers of Kyrgyzstan established an internal audit service at the Ministry of Finance. The resolution was signed by the head of the Cabinet Akylbek Japarov.
The new service will work on the basis of existing structural subdivisions of state bodies and institutions of the country, obliged to have internal audit services. The new structure was created to increase efficiency of internal audit in public institutions, strengthen financial control over effective use of treasury funds and ensure safety of state assets.
The internal audit service will monitor and evaluate compliance with internal audit standards, ethical standards and methodology of internal audit. In addition, courses for advanced training and certification of internal auditors will be organized on its basis.
The Ministry of Finance was instructed to approve the structure and staffing of the service and solve financial and organizational issues related to creation of the new structure.
