Report of the Internal Control and Audit Service of JSC Techsnabexport on findings of the internal audit of the public reporting procedure of JSC Techsnabexport
This internal audit of the preparation process of the Public Annual Report of JSC Techsnabexport for 2013 (hereinafter referred to as “the Report”) was conducted as per the Procedure for Inspections and Internal Audits of Business Processes of JSC Techsnabexport by the Internal Control and Audit Department of JSC Techsnabexport (Order of the General Director No. 006/81-P of 29.03.2013), taking into account the requirements of the Public Reporting Policy of ROSATOM (Order of the ROSATOM CEO No. 922 of 25.12.2009), the Public Annual Reporting Standard of JSC Techsnabexport (Order of the General Director No. 006/288-P of 15.10.2013), basic provisions of the Guidelines of the Global Reporting Initiative (GRI, version G3.1), the AA1000 Accountability Principle Standard series, recommendations of the RSPP for managerial practices, and corporate non-financial reporting.
As per the Regulation for the Public Annual Reporting of JSC Techsnabexport (Order of the General Director No. 006/288-P of 15.10.2013), the First Deputy General Director for Strategy and Communications V. N. Govorukhin, who is also the Chairman of the Public Reporting Committee of JSC Techsnabexport, is in charge of the preparation of the public reporting documents. Heads of structural units are in charge of the preparation and submission of the information to be reported.
According to the above-mentioned Regulation for the Public Annual Reporting of JSC Techsnabexport, a corporate schedule was approved (Order of the General Director No. 006/315-P of 30.10.2013), which identified milestones and due dates of the Report preparation, including drafting of the Report Concept, the collection of information, drafting of the report, obtaining a statement from the standing technical commission, review of the draft Report by the Public Reporting Commission of ROSATOM, the management of public consultations on the draft Report, obtaining a Report public assurance statement from the Stakeholders Commission, and approval of the Report by the Board of Directors and the Sole Shareholder.
In the course of the audit:
- an assessment was carried out concerning the effectiveness of the internal controls system used for the preparation of the public report (including an analysis of regulating and formalising key processes associated with the preparation of the public report and an analysis of the effectiveness of the implementation of key control procedures that ensure the credibility of the public reporting); and
- an assessment was carried out to determine whether the public report preparation procedure conforms to the current legislation and internal regulatory requirements for the business process of public report preparation.
The audit findings allow for the conclusion that the internal controls system of the public reporting is effective and that the procedure of public reporting of JSC Techsnabexport conforms to the current legislation, ROSATOM Public Reporting Policy, and in-house regulatory documents of JSC Techsnabexport that regulate the business process of the public reporting.
|Head of the Internal Control and Audit Service of JSC Techsnabexport||O. N. Sarenkova|