The Cabinet of Ministers of Ukraine adopted a resolution
that provides an opportunity to conduct high-quality and independent audit of
the major state-owned companies with the help of top international audit
Regular auditing shall provide an objective insight into the
financial status and results of activity of the state-owned enterprises,
enable to improve management and facilitate attracting investment.
The specialists of the Ministry of Economy of Ukraine
emphasize that such unbiased and high- quality audit is a worldwide recognized
practice and an important component of reforming the state-owned enterprises in
According to the authors of the document, public companies
should be checked by auditors sharing best international reputation, whose
conclusions are trusted both by the state and citizens of Ukraine, and
international lenders and investors as well.
The Act applies to joint and unitary state-owned
enterprises, whose assets exceed UAH 250 million (except for banks). The list
of large state-owned enterprises in Ukraine enumerates 183 such companies.