OREANDA-NEWS. June 09, 2015. 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 companies.

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 Ukraine.

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.