Auditing Commission
The Auditing Commission of the Company is a standing internal control body. The Auditing Commission is elected annually by the General Meeting of Shareholders and is responsible for the reliability and objectivity of the results of conducted audits.
The activities of the Auditing Commission are governed by the laws of the Russian Federation, the Articles of Association, and the Regulations on the Auditing Commission of PJSC Rosseti South Approved by the Annual General Meeting of Shareholders on 16 June 2022 (Minutes No. 25), posted on the Company’s website. .
The competence of the Auditing Commission is defined by Federal Law No. 208-FZ dated 26 December 1995 ‘On Joint Stock Companies’, as well as the Articles of Association of the Company.
The main functions of the Company’s Auditing Commission include:
- Organising and conducting audits (inspections) of the Company’s financial and economic activities to ensure compliance with the legislation of the Russian Federation, the Articles of Association, internal and other documents of the Company
- Analysing the Company’s financial condition and solvency, monitoring the formation and use of the Company’s material, labour and financial resources
- Checking the cash account and property of the Company, making efficient use of assets and other resources of the Company, identifying the causes of non-production losses and expenses, identifying reserves for improving the financial condition of the Company
- Confirming the accuracy of the data contained in the annual report, the Company’s annual accounting (financial) statements, and the report on related-party transactions
- Drawing-up recommendations for the governing bodies of the Company
- Taking other actions (measures) related to the audit of the financial and economic activities of the Company
In accordance with the Company’s Articles of Association, the Auditing Commission consists of five members.
In 2024, two compositions of the Auditing Commission operated in the Company from 9 June 2023 to 19 June 2024 and from 19 June 2024 to 31 December 2024. The Auditing Commission held seven meetings.
Members of the Auditing Commission since 19 June 2024 Elected by the Annual General Meeting of Shareholders of the Company on 19 June 2024 (Minutes No. 27 dated 19 June 2024).
- Anton Ulyanov
Chairman - Viktor Tsar’kov
Deputy Chairman - Svetlana Trishina
Secretary - Elena Roptanova
- Gayane Andriasova
Members of the Auditing Commission until 19 June 2024 The position is as of the date of election.
- Anton Ulyanov
Chairman - Viktor Tsar’kov
Deputy Chairman - Svetlana Trishina
Secretary - Maxim Kormiltsev
- Kirill Rogachev
Information on the Auditing Commission is available on the Company’s website: https://rosseti-yug.ru/korporativnoe-upravlenie/revizionnaya-komissiya.
Results of the work of the Auditing Commission
In 2024, the Company’s financial and economic activities for 2023 were audited.
Key issues reviewed by the Auditing Commission
Area of responsibility | Action taken | Outcome |
|---|---|---|
Control over financial and economic activities, elimination of identified deficiencies based on the findings of inspections | An audit of financial and economic activities for 2023 was carried out | No substantial violations were revealed |
Assessment of reliability of the data in the Annual Report and annual accounting (financial) statements | Annual Report and annual accounting (financial) statements of the Company for 2023 were reviewed | No misstatements of data that could materially affect the said statements were identified |
Reporting on violations of the procedure for keeping accounting records, presenting financial statements, and the procedure for carrying out financial and economic activities | The issues of organisation and maintenance of accounting records, preparation of accounting (financial) statements were reviewed | No errors and misstatements that had a significant impact on the reliability of the accounting (financial) statements as of 31 December 2023 were identified |
Control over the legitimacy of financial and business transactions | The related-party transactions report for 2023 was reviewed | No law violations were identified |
The Auditing Commission approved the conclusion (Minutes No. 4 dated 2 May 2024), which expresses an opinion on the reliability of data in all material respects contained in the Annual Report for 2023 and in the annual accounting (financial) statements of the Company for 2023. No facts of misrepresentation of the information contained in the report on the related-party transactions concluded in 2023 were revealed.
The said Opinion was included in the materials provided to the Company’s shareholders in preparation for the Annual General Meeting of Shareholders of the Company in 2024.
The members of the new Auditing Commission, effective from 19 June 2024, include the Chairman, Deputy Chairman and Secretary of the Commission. The Action Plan for the