Audit and control

External Auditor

The Company appoints an independent auditor to verify the accuracy of financial statements prepared in accordance with Russian and international standards. The auditor is firstly approved by the Audit Committee of the Board of Directors, the Board of Directors and then submitted for approval to the Annual General Meeting of Shareholders.

On June 10, 2022 the Annual General Meeting appointed R.O.S.EXPERTIZA LLC as an external auditor.  


Internal Audit Commission

The Internal Audit Commission is to monitor financial and business operations for compliance with the Russian laws and the Charter of Seligdar, and performs independent assessment of the Company’s finances.

The Internal Audit Commission works in accordance with the Russian laws, the Charter and Regulations, and is elected by the General Meeting for one year.

Members of the Internal Audit Commission:

  • Galina Okuneva
  • Denis Knis
  • Vasiliy Koshelev

 

Internal Audit Department

Internal Audit Department performs internal audit of business processes, risk and control management systems and corporate governance; assesses these systems and seeks to raise their effectiveness.

In order to guarantee the independence, the Internal Audit Department reports directly to CEO and functionally to the Board of Directors. 

The general management of the department is performed by its head who is appointed and dismissed by the Company’s CEO in compliance with the decision of the Board of Directors. The Board of Directors decides on the head’s renumeration. 

The main objective of the Department is to develop an independent and unbiassed opinion on interior control systems, risk management and corporate governance; and encourage improvement of these systems by regular and consistent interior control.

Since July 2016, head of internal audit department is Artem Bogodaev.

2021 Annual Report (pdf, 16 Мб)
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