Independent Third-Party Risk Assessment
At least once a year, the Internal Audit Service shall conduct an internal independent evaluation in order to express an opinion on the reliability and effectiveness of the ICRMS, followed by consideration by the RusHydro Audit Committee under the Board of Directors.
An external independent evaluation of the ICRMS by invited independent experts may be initiated by the decision of the Audit Committee under the Board of Directors or the Chairman of the Management Board – General Director of the Company.
The RusHydro Group annually reviews the results of internal and external audits, as well as the results of the audit of the implementation of the Group's long-term development program, the external audit of the Group's financial statements, surveys of the Group's facilities, and mandatory due diligence in the framework of risk assessment of mergers and acquisitions with regard to ICRMS, and considers them in the ICRMS Development Plan.
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