The Service is the Company’s body, which shall secure management and execution of the internal audit in the Company. The Service is organisationally subordinate and functionally accountable to the Board of Directors.
The activities of the Service are supervised by the Audit Committee in accordance with the internal regulations governing the Audit Committee.
The Service is administratively subordinated to the Executive Body of the Company. The administrative subordination means that the Executive Body provides the appropriate labour conditions for the Chief Audit Executive and the employees of the Service and labour remuneration; issues the appropriate instructions pertaining to the Service’s activity based on the decisions of the Board of Directors; receives the Service’s reports ; supervises labour regulations; issues business trip orders, vacation orders and other actions not contradicting the status of the Service in accordance with these Regulations and other regulatory documents of the Company. The Executive Body must not use the administrative subordination to influence the independence and objectivity of the Service.
The mission of the Service is to preserve and add value to the Company through conducting objective internal audits based on a risk-based approach, providing recommendations and sharing knowledge.
The main purpose of the Service is to provide independent and objective assurances and consultations aimed at improving the Company’s operations, as well as assisting the Company in achieving its goals, using a systematic and consistent approach to assessing and improving the effectiveness of risk management, control and corporate governance processes.
The Internal Audit Service of KEGOC JSC has undergone an independent external assessment conducted by the audit firm Audit Expert Company LLP for compliance with the International Standards for the Professional Practice of Internal Auditing for the period from 2019 to 2024. The assessment results confirmed that the Internal Audit Service fully complies with the requirements of the International Professional Standards for Internal Auditing. Out of 52 evaluated standards, all 52 received a rating of "Fully Compliant," confirming 100% compliance with international requirements and demonstrating the high level of organization and functioning of internal audit within the company. As part of the assessment, recommendations were provided to enhance the activities of the Internal Audit Service, aimed at further increasing its efficiency. Additionally, measures were proposed to prepare for the transition to the new internal audit standards that will come into effect in 2025. These recommendations will enable the company not only to maintain a high level of compliance but also to improve internal audit processes in accordance with the new requirements.
The Service staff consists of 8 people. The head of the Internal Audit Service of KEGOC JSC is Omirzhan Omirbekovich Yessetov.
Telephone: +7 (7172) 69 02 14
Email: esetov@kegoc.kz
Postal address: Z00T2D0, Astana, Tauelsizdik Avenue, 59, Head of IAS of KEGOC JSC.
