Encyclopedia
Audit Committee
The Audit Committee — for preliminary consideration of issues related to oversight of the financial and economic activities of VEB.RF, including oversight of ensuring the completeness and accuracy of VEB.RF's accounting (financial) reporting, reliability and effectiveness of the risk management and internal control system, ensuring independence and objectivity in performing the internal audit function, assessing the independence and absence of conflicts of interest of VEB.RF's auditing organization, as well as assessing the quality of the audit of VEB.RF's accounting (financial) reporting (ceased to be effective from 2019-07-26)1.
The Audit Committee — for preliminary consideration of issues related to the regulation and monitoring of the financial and economic activities of VEB.RF, including monitoring the completeness and accuracy of VEB.RF's accounting (financial) reporting, the reliability and effectiveness of the risk management and internal control system, ensuring the independence and objectivity of the internal audit function, assessing the independence and absence of conflicts of interest of VEB.RF's auditing organization, evaluating the quality of the audit of VEB.RF's accounting (financial) reporting, approving the procurement policy for goods, works, and services, approving VEB.RF's annual report, financial plan of revenues and expenditures (budget) of VEB.RF, selection of an auditing organization, and placement by VEB.RF of emission securities2.
Federal Law No. 82-FZ of May 17, 2007 "On the Development Bank," dated May 17, 2007, as amended on November 28, 2018, Article 16-1, subpara. 2, ceased to be in force from July 26, 2019 // RSZ RF. 2007. No. 22. Art. 2562. ↩
Federal Law No. 82-FZ of May 17, 2007 "On the Development Bank," dated May 17, 2007, as amended on July 31, 2020, Article 16.1, subpara. 2 // RSZ RF. 2007. No. 22. Art. 2562. ↩