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.
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















