Home News SOME GOVERNMENTAL FUNCTIONS TO BE PERFORMED BY NGOS SOME GOVERNMENTAL FUNCTIONS TO BE PERFORMED BY NGOS The cabinet meeting allowed NGOs to perform actions of some state bodies. Such a transfer will be made on a basis of concrete criteria and in accordance with the law on accounting. The Minister of Finance B.Bolor was told to conclude cooperation contracts. The NGOs will run actions such as certifying career accountants and holding mid-career trainings for them, approving and supervising a rule of ethics for professional accountants, translating international standards on accounting and audit, their amendments into Mongolian, working out national standards, manuals and recommendations. NGO will also now provide legal subjects of audit with methodological management and information, formulate reporting methods showing correlation of strategy, governance, performance and tendencies of entities, also annul a certification of auditors and accountants who breached standards and professional ethics, and monitor software of accounting. NGOs are also allowed to work out and monitor the ethical rule for accountants, certify professional consultants on taxes, prolong the certification, organize examinations, create a data of accredited legal subjects of taxes, and select asset adjusters. Source: Montsame
The cabinet meeting allowed NGOs to perform actions of some state bodies. Such a transfer will be made on a basis of concrete criteria and in accordance with the law on accounting. The Minister of Finance B.Bolor was told to conclude cooperation contracts. The NGOs will run actions such as certifying career accountants and holding mid-career trainings for them, approving and supervising a rule of ethics for professional accountants, translating international standards on accounting and audit, their amendments into Mongolian, working out national standards, manuals and recommendations. NGO will also now provide legal subjects of audit with methodological management and information, formulate reporting methods showing correlation of strategy, governance, performance and tendencies of entities, also annul a certification of auditors and accountants who breached standards and professional ethics, and monitor software of accounting. NGOs are also allowed to work out and monitor the ethical rule for accountants, certify professional consultants on taxes, prolong the certification, organize examinations, create a data of accredited legal subjects of taxes, and select asset adjusters.