Nizhnekamskneftekhim engages an independent external auditor for annual auditing of its RAS (Russian Accounting Standards) financial statements as well as IFRS consolidated financial statements.
The auditor is approved by the General Meeting of Shareholders upon the proposal of the Board of Directors. Candidates are selected via a tender procedure, which provides for impartiality, transparency, and independence.
JSC PricewaterhouseCoopers Audit (PwC Audit)*
10 Butyrsky Val St., Moscow, 125047, Russian Federation
By the Moscow Registration Chamber on 28 February 1992 under No. 008.890. Entry in the Unified State Register of Legal Entities made on 22 August 2002, State Registration Number 1027700148431
Taxpayer identification number
Member of a self-regulatory organisation of auditors
the Sodruzhestvo Association
The primary registration number of the entry made into the register of auditors and audit firms
* On 14 June 2022, Nizhnekamskneftekhim was notified that since 3 June 2022 JSC PricewaterhouseCoopers Audit had changed its name to Technologies of Trust – Audit. The remaining information about the auditor, including the Primary State Registration Number (1027700148431) and Taxpayer Identification Number (7705051102) and business address, saw no changes.
The risk management system serves to ensure reasonable assurance in delivering Nizhnekamskneftekhim’s strategic goals, efficiency of financial and business operations, security of assets, timely and accurate reporting, as well as compliance with applicable laws and internal regulations.
The cornerstone of risk management is striking a balance between seizing new opportunities and minimising potential losses.