Preview

Central Asian Economic Review

Advanced search

Public interest entities in Kazakhstan: definition criteria

https://doi.org/10.52821/2789-4401-2025-5-150-159

Abstract

The purpose of the research – to identify inconsistencies in the current regulation of public interest entities in the Republic of Kazakhstan and to develop proposals for its optimization.

Methodology – analysis of normative acts, comparative legal analysis and generalization of international experience.

Originality/value – the originality of the study lies in a detailed comparison of Kazakhstani and international approaches to the regulation of public interest entities.

Findings – as a result, recommendations are proposed for harmonizing the legislation of the Republic of Kazakhstan regarding the regulation of public interest entities with international standards.

About the Author

A. A. Nurkenova
Independent researcher
Kazakhstan

Almaty 



References

1. Zakon Respubliki Kazakhstan. (2007). O bukhgalterskom uchete i finansovoy otchetnosti, No. 234-III. Retrieved April 30, 2025, from https://adilet.zan.kz/rus/docs/Z070000234_.

2. Zakon Respubliki Kazakhstan. (1998). Ob auditorskoy deyatelnosti, No. 304-I. Retrieved April 30, 2025, from https://adilet.zan.kz/rus/docs/Z980000304_.

3. International Auditing and Assurance Standards Board (IAASB). (n.d.). International Standard on Auditing (ISA) 701: Communicating key audit matters in the independent auditor’s report. Retrieved April 30, 2025, from https://www.iaasb.org/publications/international-standard-auditing-isa-701-new-communicatingkey-audit-matters-independent-auditor-s-3.

4. International Auditing and Assurance Standards Board (IAASB). (n.d.). International Standard on Quality Management (ISQM) 1: Quality management for firms that perform audits or reviews of financial statements, or other assurance or related services engagements. Retrieved April 30, 2025, from https://www.iaasb.org/publications/international-standard-quality-management-isqm-1-quality-management-firms-perform-auditsor-reviews.

5. International Ethics Standards Board for Accountants (IESBA). (2024). 2024 handbook of the International Code of Ethics for Professional Accountants (including International Independence Standards). Retrieved April 30, 2025, from https://www.ethicsboard.org/publications/2024-handbook-international-codeethics-professional-accountants.

6. European Parliament & Council of the European Union. (2006, May 17). Directive 2006/43/EC on statutory audits of annual accounts and consolidated accounts. Official Journal of the European Union. Retrieved April 30, 2025, from https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32006L0043&qid=1748264934278.

7. U.S. Securities and Exchange Commission. (1934). Securities Exchange Act of 1934. Retrieved April 30, 2025, from https://www.sec.gov/about/laws/sea34.pdf.

8. U.S. Congress. (1940). Investment Company Act of 1940. GovInfo. Retrieved April 30, 2025, from https://www.govinfo.gov/content/pkg/COMPS-1879/pdf/COMPS-1879.pdf.

9. U.S. Congress. (2002). Sarbanes–Oxley Act of 2002. GovInfo. Retrieved April 30, 2025, from https://www.govinfo.gov/content/pkg/COMPS-1883/pdf/COMPS-1883.pdf.

10. UK Government. (2016). Statutory Auditors and Third Country Auditors Regulations 2016 (SI 2016/649). Legislation.gov.uk. Retrieved April 30, 2025, from https://www.legislation.gov.uk/uksi/2016/649/regulation/2/made.

11. Financial Reporting Council (FRC). (n.d.). Definition of a Public Interest Entity (PIE). Retrieved April 30, 2025, from https://www.frc.org.uk/library/enforcement/glossary/.

12. UK Government. (2006). Companies Act 2006, Section 494ZA: Requirements in connection with auditor appointments: public interest companies. Legislation.gov.uk. Retrieved April 30, 2025, from https://www.legislation.gov.uk/ukpga/2006/46/section/494ZA.

13. UK Government. (2006). Companies Act 2006, Section 414CA: Requirements where company is a public interest entity. Legislation.gov.uk. Retrieved April 30, 2025, from https://www.legislation.gov.uk/ukpga/2006/46/section/414CA.

14. International Auditing and Assurance Standards Board (IAASB). (2021). Discussion paper: Audits of less complex entities – Exploring possible options to address the challenges in applying the ISAs. Retrieved April 30, 2025, from https://www.iaasb.org/publications/discussion-paper-audits-less-complex-entities.

15. European Parliament & Council of the European Union. (2014, April 16). Regulation (EU) No. 537/2014 on specific requirements regarding statutory audit of public-interest entities. EUR-Lex. Retrieved April 30, 2025, from https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32014R0537.


Review

For citations:


Nurkenova A.A. Public interest entities in Kazakhstan: definition criteria. Central Asian Economic Review. 2025;(5):150-159. (In Russ.) https://doi.org/10.52821/2789-4401-2025-5-150-159

Views: 14


Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 License.


ISSN 2789-4398 (Print)
ISSN 2789-4401 (Online)