Audit

The mission of the Internal Audit Service (hereinafter referred to as the Service) is to provide the necessary assistance to the Board of Directors and the Executive Body in fulfillment of their duties to achieve the strategic goals of the Company.

The main objective of the Service is to provide the Board of Directors with independent and objective guarantees and consultations aimed at improving the risk management, internal control and corporate governance systems in the Company.

The main tasks of the Service are:

1) assessment and assistance in improving the internal control system;
2) assessment and assistance in improving the risk management system;
3) assessment of the risk of fraud and efficiency of fraud risk management in the Company;
4) assessment and assistance in improving the Company's corporate governance system;
5) assessment of reliability, completeness, objectivity of the accounting system and reliability of financial statements;
6) assessment of rationality and efficiency of the Company's resources utilization and applied methods (ways) of ensuring safety of the Company's assets;
7) methodological support of the Service.

The Head of the Service quarterly reports to the Board of Directors of the Company on the implementation of the Annual Audit Plan, extraordinary audit assignments, reports on the recommendations issued to the Company aimed at improving corporate governance, risk management and internal control in the Company, as well as informs on the results of monitoring the implementation of recommendations issued by the Service earlier.

In its activity the Service is guided by the legislation of the Republic of Kazakhstan, the Charter, decisions of the Company's bodies, Regulations on the Service, Rules on organization of internal audit and other normative-legislative acts, internal documents of the Company, as well as documents approved by the Sole Shareholder for subsidiary organizations.