The National Bank of Tajikistan (NBT) has refused to extend an operating license of Toj-Audit Company. It was this company that had conducted detailed audit at some large commercial banks of the country.
The National Bank of Tajikistan has refused to extend the license of Toj-Audit Company for conducting audit in Tajikistan’s internal market, according to Tajik central bank’s press center.
According to the NBT, the company “has failed to comply with requirements of granting permissions.”
By its decision of April 12 Tajik central bank orders the Department for Banking Supervision to make changes to the list of audit companies that are authorized to conduct audit at Tajikistan’s lenders.
This list now includes ten companies: Deloitte & Touche; Consult Audit; BDO; Baker Tilly Tajikistan; Crow Khorvat (phonetically spelled) ACG; Ernst & Young Ford Rhodes Sidat Hyder; Audit Consulting; RSM Tajikistan; Crestone AC; and KPMG Audit.
One more company – Sharq Audit Ltd – has the license to conduct audit at microfinance organizations.
During its operation, Toj-Audit has conducted detailed audit at a number of Tajikistan’s large commercial banks.
