Does an Uzbek LLC need an audit?

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Accepted Answer

Not routinely under the LLC law — an audit happens when the shareholders order one. On decision The general meeting orders it — choosing the audit organisation and capping its fee is the meeting’s exclusive power. On demand Any shareholder can force one — at their own expense, reimbursable by the company if the meeting so decides. Required Some operations require audited accounts — capitalising retained profit rests on the prior year’s statements confirmed by external audit. Internal The heavy machinery is for state companies — a revision commission only where the charter creates one; an internal audit service only at 50%+ state ownership and large assets. The LLC law makes no annual audit routine for a private company: an external audit is engaged on the general meeting’s decision, any single shareholder may commission one at their own cost, and where a revision commission exists — it is optional, created by charter — it must check the annual report before the meeting approves it. The internal audit service is mandatory only for companies with half state ownership and assets above a hundred thousand BCV. Mandatory-audit thresholds by size or sector live in the audit legislation, outside this law — and specific operations import the requirement anyway: increasing the capital from the company’s own property, retained profit included, is only possible on audited prior-year accounts.

Does an Uzbek LLC need an audit?

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