External audit

In accordance with the Federal Law on Audit Activities No. 307-FZ dated December 30, 2008, Gazprom’s auditor is selected annually in an open tender.

Tender procedures are arranged and held in compliance with the Federal Law on the Contracting System for the State and Municipal Procurement of Goods, Works and Services No. 44-FZ dated April 5, 2013, and the Russian Government Directive on the Approval of the Rules for Evaluating Bids and Final Offers from the Participants in the State and Municipal Procurement of Goods, Works and Services No. 1085 dated November 28, 2013.

In compliance with Clause 2.1.6 of the Regulation on Audit Committee of Gazprom Board of Directors approved by the Decision of the Gazprom Board of Directors No. 2314 dated February 25, 2014, the Committee harmonizes the bidding documentation, reviews the results of evaluation and comparison of bids by the bidding committee, and prepares recommendations to the Board of Directors concerning the Company’s potential auditor.

The auditor is approved by the General Shareholders Meeting.

The auditor reviews three types of statements:

  • accounting (financial) statements of Gazprom (parent company) prepared in accordance with the Russian legislation (Russian Accounting Standards, RAS);
  • consolidated accounting (financial) statements of the Gazprom Group prepared in accordance with the Russian legislation (RAS);
  • consolidated financial statements of the Gazprom Group prepared in accordance with the International Financial Reporting Standards (IFRS).

In 2017, FBK won an open tender for the auditing of Gazprom’s statements. The General Shareholders Meeting of Gazprom dated June 30, 2017, resolved to approve FBK as the Company’s auditor.

FBK is registered and operates in the Russian Federation in accordance with established procedures as a member of Association Sodruzhestvo, the Self-Regulatory Organization of Auditors (PNRE 11506030481).

FBK holds a license issued by the Federal Security Service for the activities related to the use of information constituting a state secret. The company is allowed to handle top-secret information. FBK’s registration number (28396) is valid until June 20, 2021. It is insured against professional risks by Ingosstrakh.

FBK was set up in 1990. Since then, the company’s management and experts have been actively involved in developing the regulatory framework and shaping law enforcement practices. They are also members of the executive bodies of leading professional and business associations.

FBK provides services in the following areas: auditing, accounting, tax and law, IT and management consulting, investment support, business planning, valuation, outsourcing, and sustainable development.

Thanks to 27 years of working with leading Russian businesses in key sectors of economy, FBK has accumulated unique experience in delivering large-scale projects.

Comprehensive and high-quality services, a broad product line combined with strong specialized expertise, an impeccable business reputation, highly skilled staff, and the use of up-to-date technologies and methods distinguish FBK from its competitors, earning the trust of major companies, public authorities, and the expert community.

FBK has an unparalleled record of implementing hundreds of successful projects for fuel and energy companies. By constantly interacting with oil and gas industry representatives, the company’s specialists maintain a good understanding of the problems and challenges facing the industry.

FBK has cooperated with Gazprom since 1996, with more than 230 major projects executed for the Gazprom Group and a large number of consultations provided as part of the consulting services. The company has carried out over 80 projects involving financial and technical feasibility studies, cost effectiveness assessments for investment projects, financial modeling, business planning, and development strategies.