Audit and Oversight
External Auditor
In accordance with RAS and IFRS, the candidacy of the external auditor of TransContainer’s financial statements is approved by the general meeting of shareholders at the recommendation of the Company’s Board of Directors, following a tender process, which is conducted by the Audit Committee at least once every five years with the participation of the “Big Four” auditors. At the same time the Company considers it expedient to select a single auditor to audit the Company’s financial statements in accordance with RAS and IFRS.
Currently, financial statements of PJSC TransContainer under IFRS and RAS are audited by AO PricewaterhouseCoopers Audit.
Information on external auditor of the Company
| Full name | AO PricewaterhouseCoopers Audit |
| Short name | AO PwC Audit |
| Address | 125047, Russia, Moscow, ul. Butyrskiy Val, 10 |
| Contact telephone | +7 (495) 967-6000 |
| URL | http://www.pwc.ru |
| Primary State Registration Number | 1027700148431 |
| INN | 7705051102 |
| Self-Regulating Organization | Self-Regulating Organization of Auditors "Russian Union of Auditors" (Association); brief - RUA |
| Address | 105120, Russia, Moscow, 3rd Syromyatnichesky per., 3/9 build.3 |
| Regulatory Body | Ministry of Finance of the Russian Federation |
External Auditor rotation policy
According to our corporate policy we conduct tenders to choose an external auditor for both RAS and IFRS financial statements at least once every five years. To ensure a high quality of audit services, we select one of the ‘big four’ audit firms. To ensure the independence of the external audit process, our Audit Committee oversees the provision of non-audit services by the external auditor.
The Company’s Audit Committee evaluates the quality of the external auditor’s service and its independence on an annual basis.
For the year of 2010 Deloitte and Touche CIS was approved as the company’s auditor.
Since 2011 AO PricewaterhouseCoopers Audit has been the company’s auditor for both IFRS and RAS financial statements. The Latest approval of the company’s auditor was made by Company’s Annual General Meeting held on 24 June 2015.
Internal Audit Service
The Internal Audit Service was created by decision of the Board of Directors in order to increase the efficiency of the internal control system, risk management and corporate governance in the Company, and to provide the Company’s management bodies with reliable and complete information about the Company’s activities.
In order to ensure the principle of independence and objectivity, the Service is accountable to the Audit Committee, the Board of Directors and is administratively subordinate to the President and Director of the Company.
Makeev Roman Vasilievich - Head of the Internal Audit Service.
