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 |
| Fax | +7 (495) 967-6001 |
| 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 in order to assist the Board of Directors and executive bodies in enhancing the effectiveness of management functions within the Company and improving the Company’s financial and economic activities through a systematic and consistent approach to the analysis and evaluation of the risk management and internal control system, and the use of corporate governance as a tool that provides reasonable assurance of the fact that the Company has achieved its objectives.
In order to adhere to the principles of independence and objectivity, the Internal Audit Service is accountable to the Audit Committee and the Board of Directors, and it also reports to the Company’s CEO.
Head of the Internal Audit Service
First appointed as Head of the Internal Audit Service in 2009.
Elena Ustinova was born in 1977.
She graduated from the Institute of Entrepreneurial Defence in 1999, with a degree in legal consulting.
Qualifications: Auditor’s qualification certificate to conduct general audits No. 012761, dated 25 January 2001 (01-000802, dated 10 September 2012 issued by way of exchange), valid for an indefinite period; Auditor’s qualification certificate issued by the Chamber of Tax Consultants No. 001850 and the qualification “Tax and Customs Consultant”, which was granted on 9 February 2004.
PROFESSIONAL EXPERIENCE:
2009 - present - Head of the Internal Audit Service, TransContainer
2007 - 2009 - Head of the Internal Audit and Oversight Department, TransContainer
2006 - 2007 - Deputy Head of the Internal Audit and Oversight Department, TransContainer
2001 - 2006 - CEO, Bernstein & Drucker Audit
2000 - 2001 - Taxation Associate, Stanford Capital
1997 - 1999 - Taxation Associate, Biznes-Kvalitet
1995 - 1997 - Attorney’s Assistant, UM
Citizenship: Russian Federation
Ms. Ustinova does not own shares or any other securities in the Company.
Ms. Ustinova has been a member of the Audit Committee of Kedentransservice
since 2011.
Revision Commission
The Revision Commission oversees the Company’s financial and economic activities, including its branch and representative offices. The Revision Commission acts in the interests of the Company’s shareholders, and reports to the general meeting of shareholders. The Revision Commission acts independently of officials in the Company’s management bodies. Members of the Revision Commission are not officers or employees of the Company.
Information about composition of the Revision Commission:
Year of birth: 1977
Background: Moscow State University of Railway Engineering (MIIT).
Speciality: accounting and audit.
Information about held positions for the last 5 years:
2010 - present - Deputy Head of the Administration of consolidated accounting according to the international standards of financial reporting, the Accounting service of JSC Russian Railways.
Education: Moscow State University of Railway Engineering (MIIT), 2007.
Major: Economics and Company Management (by branches), managing economist.
Information on the positions held in the last 5 years:
July 2018 up to date: Deputy Head of Central Directorate of Terminal and Warehouse Complex Management, a branch of JSCo RZD (economics and finances).
October 2017 – July 2018: Head of the Department of Master Planning and Analysis of Budgets of Branches of Economy Department of JSCo RZD.
April 2016 – October 2017: Head of the General Department of Transportation Costs of Economy Department of JSCo RZD.
June 2014 – April 2016: Deputy Head of Economic Service, the Head of Budgeting and Summary Analysis Department of the Central Directorate of Terminal and Warehouse Complex Management, a branch of JSCo RZD.
2012 – 2014: Head of Budgeting Department of Financial and Economic Service of the Central Directorate of Terminal and Warehouse Complex Management, a branch of JSCo RZD.
Year of birth: 1968
Education: Moscow State University of Railway Engineering (MIIT) (1990)
Speciality: process Management of railway transportation
Information about held positions for the last 5 years:
From 2013 to present. time – the Chief of Department of the Center of internal control the zheldorkontrol JSC Russian Railways.
Year of birth: 1977.
Education: Far Eastern Federal University.
Major: Banking and Finance.
Information on the positions held in the last 5 years:
2017 up to date: Chief Auditor of the Department of Control of Production and Financing Activity of business units of JSCo RZD, Internal Control Center Zheldorcontrol of JSCo RZD.
2016-2017: Chief Auditor of the Sector of Budget Management of the Department of Production and Financing Activity of business units of JSCo RZD, Regional Directorate in Moscow, Internal Control Center Zheldorcontrol of JSCo RZD.
2015 – 2016: Head of Planning and Economic department, Deputy Director of State Public Institution of Moscow Region DDS.
2013 – 2015: auditor at the Chamber of Control and Accounts of the Primorsky Territory.
Year of birth: 1971.
Education: G.V. Plekhanov Saint Petersburg Mining University (Technical University).
Major: Economics and Company Management, qualification: managing economist.
Information on the positions held in the last 5 years:
September 2018 up to date: Deputy head of the Internal Control Center Zheldorcontrol, a structural business unit of JSCo RZD.
February 2017 – September 2018: Deputy head of the Yaroslavl Regional Directorate of the Internal Control Center Zheldorcontrol, a structural business unit of JSCo RZD.
January 2013 – February 2017: Deputy head of the Yaroslavl Regional Directorate of the Internal Control Center Zheldorcontrol, a structural business unit of JSCo RZD, the Head of Department.
