The Audit Council approved a new version of the Code of Professional Ethics for Auditors (Minutes No. 47 of 21.05.2019). The document is published on the official website of the Ministry of Finance of the Russian Federation.
The auditor must comply with the requirements of this code. In cases where, in connection with the requirements of regulatory legal acts, the auditor cannot comply with certain provisions of this code, the auditor must comply with all other provisions.
In cases where the auditor is confronted with unusual circumstances in which the application of any particular requirement of the Code of Professional Ethics would lead to disproportionate or contradictory public interest consequences, the auditor may seek advice from the self-regulatory organization of auditors of which he is a member.
Recall that the Audit Council regularly updates the Code of Professional Ethics of Auditors. As specified in the message of the Ministry of Finance, the new (fifth) edition of the code will come into force on June 15, 2019.