diff --git a/inference-engine/src/inference_engine/ie_network_reader.cpp b/inference-engine/src/inference_engine/ie_network_reader.cpp
index b406c225b77..41359306480 100644
--- a/inference-engine/src/inference_engine/ie_network_reader.cpp
+++ b/inference-engine/src/inference_engine/ie_network_reader.cpp
@@ -183,7 +183,6 @@ CNNNetwork details::ReadNetwork(const std::string& modelPath, const std::string&
         auto reader = it->second;
         // Check that reader supports the model
         if (reader->supportModel(modelStream)) {
-            modelStream.seekg(0, modelStream.beg);
             // Find weights
             std::string bPath = binPath;
             if (bPath.empty()) {
@@ -236,7 +235,6 @@ CNNNetwork details::ReadNetwork(const std::string& model, const Blob::CPtr& weig
     for (auto it = readers.begin(); it != readers.end(); it++) {
         auto reader = it->second;
         if (reader->supportModel(modelStream)) {
-            modelStream.seekg(0, modelStream.beg);
             if (weights)
                 return reader->read(modelStream, binStream, exts);
             return reader->read(modelStream, exts);
diff --git a/inference-engine/src/readers/onnx_reader/ie_onnx_reader.cpp b/inference-engine/src/readers/onnx_reader/ie_onnx_reader.cpp
index 0892239f9c3..866806131c2 100644
--- a/inference-engine/src/readers/onnx_reader/ie_onnx_reader.cpp
+++ b/inference-engine/src/readers/onnx_reader/ie_onnx_reader.cpp
@@ -10,17 +10,36 @@
 using namespace InferenceEngine;
 
 namespace {
-    std::string readPathFromStream(std::istream& stream) {
-        if (stream.pword(0) == nullptr) {
-            return {};
-        }
-        // read saved path from extensible array
-        return std::string{static_cast<char*>(stream.pword(0))};
+std::string readPathFromStream(std::istream& stream) {
+    if (stream.pword(0) == nullptr) {
+        return {};
     }
+    // read saved path from extensible array
+    return std::string{static_cast<char*>(stream.pword(0))};
 }
 
+/**
+ * This helper struct uses RAII to rewind/reset the stream so that it points to the beginning
+ * of the underlying resource (string, file, ...). It works similarily to std::lock_guard
+ * which releases a mutex upon destruction.
+ *
+ * This makes sure that the stream is always reset (exception, successful and unsuccessful
+ * model validation).
+ */
+struct StreamRewinder {
+    StreamRewinder(std::istream& stream) : m_stream(stream) {
+        m_stream.seekg(0, m_stream.beg);
+    }
+    ~StreamRewinder() {
+        m_stream.seekg(0, m_stream.beg);
+    }
+private:
+    std::istream& m_stream;
+};
+} // namespace
+
 bool ONNXReader::supportModel(std::istream& model) const {
-    model.seekg(0, model.beg);
+    StreamRewinder rwd{model};
 
     const auto model_path = readPathFromStream(model);
 
diff --git a/ngraph/test/CMakeLists.txt b/ngraph/test/CMakeLists.txt
index 7abaff8cb15..d7d2a118022 100644
--- a/ngraph/test/CMakeLists.txt
+++ b/ngraph/test/CMakeLists.txt
@@ -365,13 +365,13 @@ if (NGRAPH_ONNX_IMPORT_ENABLE AND NOT NGRAPH_USE_PROTOBUF_LITE)
             onnx/onnx_import_convpool.in.cpp
             onnx/onnx_import_dyn_shapes.in.cpp
             onnx/onnx_import_external_data.in.cpp
-            onnx/onnx_import_library.in.cpp
             onnx/onnx_import_provenance.in.cpp
             onnx/onnx_import_reshape.in.cpp
             onnx/onnx_import_rnn.in.cpp
             onnx/onnx_import_quant.in.cpp)
     list(APPEND SRC
-            onnx/onnx_import_exceptions.cpp)
+            onnx/onnx_import_exceptions.cpp
+            onnx/onnx_import_library.cpp)
 endif()
 
 foreach(BACKEND_NAME ${ACTIVE_BACKEND_LIST})
diff --git a/ngraph/test/onnx/onnx_import_library.in.cpp b/ngraph/test/onnx/onnx_import_library.cpp
similarity index 54%
rename from ngraph/test/onnx/onnx_import_library.in.cpp
rename to ngraph/test/onnx/onnx_import_library.cpp
index 5d032b5da48..5553e1ca559 100644
--- a/ngraph/test/onnx/onnx_import_library.in.cpp
+++ b/ngraph/test/onnx/onnx_import_library.cpp
@@ -19,15 +19,13 @@
 #include "onnx/defs/schema.h"
 
 #include "gtest/gtest.h"
-#include "util/all_close.hpp"
-#include "util/test_case.hpp"
 #include "util/test_control.hpp"
 
 using namespace ngraph;
 
 static std::string s_manifest = "${MANIFEST}";
 
-NGRAPH_TEST(onnx_${BACKEND_NAME}, get_function_op_with_version)
+NGRAPH_TEST(onnx, get_function_op_with_version)
 {
     const auto* schema =
         ONNX_NAMESPACE::OpSchemaRegistry::Schema("MeanVarianceNormalization", 9, "");
@@ -36,3 +34,19 @@ NGRAPH_TEST(onnx_${BACKEND_NAME}, get_function_op_with_version)
     auto func = schema->GetFunction();
     EXPECT_EQ(func->name(), "MeanVarianceNormalization");
 }
+
+NGRAPH_TEST(onnx, check_ir_version_support)
+{
+    // It appears you've changed the ONNX library version used by nGraph. Please update the value
+    // tested below to make sure it equals the current IR_VERSION enum value defined in ONNX headers
+    //
+    // You should also check the onnx_reader/onnx_model_validator.cpp file and make sure that
+    // the details::onnx::is_correct_onnx_field() handles any new fields added in the new release
+    // of the ONNX library. Make sure to update the "Field" enum and the function mentioned above.
+    //
+    // The last step is to also update the details::onnx::contains_onnx_model_keys() function
+    // in the same file to make sure that prototxt format validation also covers the changes in ONNX
+    EXPECT_EQ(ONNX_NAMESPACE::Version::IR_VERSION, 6)
+        << "The IR_VERSION defined in ONNX does not match the version that OpenVINO supports. "
+           "Please check the source code of this test for details and explanation how to proceed.";
+}