Of course, here is the translation of the provided legal text:
**1. Essence of the Law:**
Resolution No. 151 introduces changes to the regulatory legal acts of the NBU governing the organization of internal audit in Ukrainian banks and banking groups. The main goal of the changes is to increase the effectiveness of internal audit units, ensure the stability of banking activities, and protect the interests of depositors and creditors. The provision defines the basic principles and establishes minimum requirements for the organization of an independent and effective internal audit function in banks and banking groups.
**2. Structure and main provisions:**
The resolution amends NBU Board Resolution No. 311 of May 10, 2016, in particular, changes the name and approves a new version of the Regulation on the Organization of Internal Audit in Ukrainian Banks. The new version of the Regulation consists of several sections covering general provisions, the purpose and principles of organizing the internal audit function, requirements for internal bank documents, organizational structure, responsibilities of the bank’s council and management board, functions of the internal audit unit, tasks of the internal audit (audit review, consulting services, outsourcing), interaction, and control over the unit’s activities.
**3. Most important provisions:**
* **Requirements for internal audit:** The regulation defines the principles of integrity, objectivity, professional competence, diligence, confidentiality, independence, and risk-orientation that internal auditors must adhere to.
* **Internal bank documents:** Requirements are established for the internal audit strategy, the internal audit charter, the regulation on the internal audit unit, and the internal audit methodology.
* **Organizational structure:** The functions and responsibilities of the bank’s council, the audit committee (if any), the bank’s management board, and the internal audit unit are defined.
* **Outsourcing:** The possibility of outsourcing internal audit functions is limited, allowing only the transfer of individual tasks, such as IT audit.
* **Reporting:** Requirements are established for reporting by the internal audit unit to the National Bank of Ukraine.
