Internal Audit Conclusion on "Public Annual Reporting Preparation"
Report of the Internal Control and Audit Department of TVEL JSC following the Results of "Public Annual Reporting Preparation" Audit Process 2017
The internal audit of the process of preparing the public annual report of TVEL JSC (further — the Report) was executed in compliance with "The Procedure for Planning and Conducting Internal Audits of Business Processes Carried out by TVEL JSC and the Companies Included in the Management System of the Fuel Company", approved by the Order No.271 of the President TVEL JSC dated December 14, 2011.
In conformity with the Regulation of Public Annual Reports (Order of the President d/d February 10, 2016 No. 4/32-П), TVEL JSC approved the order d/d October 26, 2016 No. 4/408-П "Concerning preparation of Annual Report of TVEL JSC for 2017", which defines the basic stages and dates of the Report generation, including preparation of the Concept of the Report, information accumulation, preparation of the draft Report, expertise of the draft Report by the ROSATOM public reporting working group, conducting public events (dialogues, public consultations) with stakeholders, conducting pubic assurance of the Report, ensuring approval of the Report by the Board of Directors of TVEL JSC and publication of the Report on the website www.e-disclosure.ru and on the official TVEL JSC website www.tvel.ru.
The auditing covered the following:
- Assessment of efficiency of the internal control system for the process of preparing the public annual reporting (including the analysis of regulations and formalization of the key processes related to generation of the public annual reporting; analysis of effective implementation of key control procedures ensuring the reliability of the public annual reporting).
- Assessment of compliance of the public annual reporting generation procedure with the requirements of applicable laws and internal statutory requirements regulating the business process of public annual reporting preparation.
- The recommendations of improving the quality of preparing public annual reporting were given.
The audit results proved the satisfactory status of the internal control system for the process of making the public annual reporting and the compliance of the annual public reporting generation procedure of TVEL JSC with the applicable laws, Policy of ROSATOM in the sphere of public reporting and the requirements of internal statutory documents of TVEL JSC regulating the process of public annual reporting preparation.
Director for Internal
Control and Audit
N.V. Belykh
