Cabinet Decision No. 48/2022 On the Implementing Regulation of Federal Law No. 12/2014 on the Regulation of the Auditing Profession

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Abrogating:

Cabinet Decision No. 21/2016.

The Council of Ministers,

Pursuant to the perusal of the Constitution;

Federal Law No. 1/1972 on Competencies of the Ministries and Powers of the Ministers and its amendments;

Federal Law No. 12/2014 on the Regulation of the Auditing Profession and its amendments;

Cabinet Decision No. 21/2016 on the Implementing Regulation of Federal Law No. 12/2014 on the Regulation of the Auditing Profession; and

Acting upon the proposal of the Minister of Economy and the approval of the Council of Ministers,

Hereby decides as follows:

Article 1 - Definitions

The definitions set out in the aforementioned Federal Law No. 12/2014 shall apply to this Decision. However, the following terms and expressions shall have the meanings assigned against each of them, unless the context requires otherwise:

  • Fellowship Certificate: The fellowship certificate approved by the Ministry.