The Audit Commission comprises five members elected on an annual basis and monitors the Company’s financial and business activities.
The Audit Commission audits the Company’s financial and business operations, verifies the accuracy and reliability of data included in Rosneft’s annual reports and annual accounting (financial) statements, and prepares proposals and recommendations for improving the asset management efficiency and streamlining the risk management and internal control system.
In 2020, the Audit Commission held two meetings that, among other things, adopted its action plan and approved an audit programme.
The findings of the Audit Commission were communicated as part of the materials for the General Shareholders Commission. Meeting in the form of an opinion of the Audit Commission on the accuracy and reliability of data included in Rosneft’s Annual Report and annual accounting (financial) statements as at 31 December 2020, and in the report on interested-party transactions entered into in the reporting period.