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NATURE OF THE
ENGAGEMENTS
1.
Examination for the
purpose of signing tax
returns:
According to tax
legislation, each
taxpayer whose prior
year turnover and asset
total is lower than
determined amounts is
obliged to have their
tax [income tax,
corporation tax, value
added tax and withheld
taxes returns] returns
signed(1)
by a Certified Public
Accountant. We sign tax
returns of those clients
to whom we provide
consultancy services on
continuous basis and who
maintain official books
of accounts within their
organizations. For
signing the tax returns,
we conduct examinations
in accordance with the
standards published in
relevant legislation.
2.
Examination for the
purpose of signing
SSK(2)
declarations:
According to social
insurance legislation,
each employer is obliged
to have their
SSK
declarations signed
by a Certified
Public Accountant. We
sign
SSK
declarations of those
clients to whom we
provide consultancy
services on continuous
basis and who maintain
official books of
accounts within their
organizations. For
signing the
SSK
declarations, we conduct
examinations in
accordance with the
standards published in
relevant legislation.
3.
Examination for
the purpose of
confirming capital
payments:
According to commercial
legislation, joint stock
companies and limited
liability companies who
want to increase their
capital are obliged to
submit a special
Certified Public
Accountant report which
confirms that the
previous capital has
been fully paid-in. We
issue such special
report for our clients
who want to increase
their capital. For
issuing such report, we
conduct examinations in
accordance with the
standards published in
relevant legislation.
4. Examination
for the purpose of
conforming “account
statements” submitted to
banks:
According to banking
legislation, those who
utilize cash or non-cash
credits [excluding small
amount credits and
credits guarantied by
cash or cash like
assets] are obliged to
have their account
statements examined by a
Certified Public
Accountant. We examine,
in accordance with
standards published in
relevant legislation,
such account statements
of our clients and
approve them.
5.
Examination
conducted for the
purpose of receiving
“clear certificate” from
SSK:
In various legislations,
submission of a “clear
certificate” issued by
SSK
is laid down as a
condition to obtain
permission for starting
to utilize certain type
of buildings. This
certificate is the
evidence of the fact
that the constructor of
the building has fully
paid all social
insurance premiums of
the employees. And,
SSK,
being empowered by
social insurance
legislation, asks the
constructors to submit a
special Certified Public
Accountant report
indicating the
fulfilment by the
constructor of all
relevant requirements.
We issue such special
report for our clients
who want to receive
“clear certificate” from
SSK.
For issuing such report,
we conduct examinations
in accordance with the
standards published in
relevant legislation.
6.
Others:
(a) In joint stock
companies, we act as
statutory auditor as
prescribed in commercial
legislation. (b)
Whenever we are assigned
by the court, we submit
to assigning court our
“expert opinion” as
prescribed in
jurisdiction procedures
legislation.
Footnotes:
(1)
Responsibility
of the Certified Public
accountant originating
from this signature is
defined in the relevant
legislation. The context
of this responsibility
is narrower than the
responsibility of
Sworn-in Certified
Public Accountant
originating from the
seal that is put on the
certification reports.
(2) SSK:
Social Insurance
Institution
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