World Bank Document

Candidates with a CAP qualification or those holding a certificate of international level 
(ACCA, CPA, etc.) are not required to take the special training course for auditors (200 
hours). If foreign auditors wish to obtain an audit certificate and license, they have to pass the 
same examinations as Uzbek candidates. 
48. The MoF Licensing Authority is responsible for examining, certifying and licensing 
auditors. The examination consist of written and verbal parts. The Law on Audit Activity 
requires that all candidates have a university degree. They also have to meet certain experience 
requirements. Candidates with a university degree in economics must acquire three years of 

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The Republic of Uzbekistan – Accounting and Auditing ROSC 
 
- 15 - 
 
relevant work experience, while candidates holding non-economics degrees must have five years 
of relevant experience. Relevant experience is defined as the work of chief accountant, financial 
and/or analytical work, etc. (there is no requirement for mandatory audit work under a licensed 
auditor). Other requirements include integrity, no prior court convictions, and the ability to enter 
into legal transactions. The certification process includes 200 hours of training provided by one of 
the approved providers and one exam administered by the MoF examination committee (the 
committee includes representatives from the MoF, Ministry of Justice, tax authorities, the 
securities exchange commission and professional associations). The two part exam contains five 
subjects (financial accounting, management accounting, taxation, business law and audit). The 
examination pass rate is approximately 25-30%.
49.  As in some other peer countries, there is some confusion in the Republic of Uzbekistan