Committee for Audit

The main task of the Committee is developing and providing recommendations (opinions) to the Board of Directors and the Company's executive body on audit and accounting. The competences of the Committee:

• control over the annual independent audit of the consolidated financial reporting and accounting (financial) statements of the Company;
• development of recommendations to the Company’s Board of Directors on holding the annual independent audit of the Company's reporting;
• assessment of candidates for the auditors of the Company and development of recommendations to the Board of Directors on the selection of external auditors of the Company in accordance with the requirements of the current legislation of the Russian Federation, a proficiency level of external auditors, quality of their work and their compliance with the requirement to independence;
• audit of the Company's reporting and results of external audit of the reporting for its compliance with the current legislation of the Russian Federation, International Financial Reporting Standards, Russian Accounting Standards, other legal enactments and standards, evaluation of the Company’s reporting and an auditor's opinion, as well as development of recommendations to the Board of Directors concerning the improvement of reporting practices within the Company;
• analysis and assessment of the efficiency of internal control procedures within the Company, including control over their compliance with the legislation and legal enactments, providing proposals on their improvement to the Board of Directors;
• other issues on audit upon the order of the Board of Directors.