From 1997 to 2012 KEGOC engaged the following audit firms to conduct the external audit of the financial statements:
1997 - 1998, Arthur Andersen & Co
1999 - 2000, KPMG Audit LLP (Kazakhstan)
2001, Ernst & Young LLP (Kazakhstan)
2002-2011, Deloitte LLP (Kazakhstan)
2012 - present, Ernst & Young LLP (Kazakhstan)
Ernst & Young LLP is an independent auditor, a member of the professional organization of the Chamber of Auditors of the Republic of Kazakhstan since 11 January 2006. The current engagement contract covers the period from 2016 to 2018. The audit services were purchased through a single source procurment procedure in accordance with paragraph 139 of the Rules for Procurement of goods, works and services by Samruk-Kazyna Sovereign Wealth Fund JSC and by organisations in which Samruk-Kazyna holds fifty per cent or more of voting shares (participation interest) either directly in ownership or indirectly under trust management (approved by Samruk-Kazyna Board of Directors, minutes No.80 26 May 2012). The total amount of the audit service fee is KZT 138,880,000 for 3 years including VAT.
The Audit Committee of KEGOC at the internal meeting No.1 held on 12 February 2015 considered the issue of "Assessment of the auditor independence in provision of services associated with validation of KEGOC’s sustainable development information as request by Ernst & Young LLP.
The Audit Committee, upon review of the submissions, decided to:
Confirm independence of Ernst & Young in provision of services associated with validation of KEGOC’s sustainable development information.
The Audit Committee of KEGOC at the physical meeting No.6 held on 15 October 2015 considered the issue of “Assessment of the auditor independence in provision of services associated with validation of KEGOC’s sustainable development information” as requested by Ernst & Young LLP.
The Audit Committee, upon review of the submissions, decided to:
Confirm independence of Ernst & Young in provision of services associated with validation of KEGOC’s sustainable development information.
The Audit Committee of KEGOC at the meeting in praesentia on 10 December 2015 considered the issue "On estimation of auditor independence in provision of consultancy services to business transformation programme" according to the request of Ernst & Young LLP.
Having considered the presented materials the Audit Committee decided:
That since the provision of consulting services unrelated to the audit of financial statements and the level of remuneration for non-audit services could lead to a conflict of interest, real or perceived loss of objectivity, therefore the provision of consulting services for business transformation programme by Ernst & Young shall not be approved.
KEGOC Policy on External Audit
- The management's comments on the financial performance 3 month 2017
- The management's comments on the financial performance 6 month 2017
- The management's comments on the financial performance 9 month 2017
- Separate financial reporting forms prepared in accordance with the Order of the Minister of Finance of the Republic of Kazakhstan No. 143 dated 27 February 2015 for the year ended 31 December 2016, with independent auditors’ report
- Consolidated reporting forms prepared in accordance with the Order of the Minister of Finance of the Republic of Kazakhstan No. 143 27 February 2015 for the year ended 31 December 2016 together with independent auditor’s report
Separate financial statements for the year ended 31 December 2016 with independent auditor’s report
- The management's comments on the financial performance 3 month 2016
- The management's comments on the financial performance 6 month 2016
- The management's comments on the financial performance 9 month 2016
- Unaudited interim consolidated financial statements for thr three months ended in 31 March 2016
- Separate financial statements for the three months ended in 31 March 2016
- Interim consolidated financial statements for the six months ended in 30 June 2016.
- Separate financial statements for 2015
- Consolidated financial statements for 2015
- The management's comments on the financial performance for 9 months 2015
- Consolidated financial statements, for the period ended on 30 September 2015
- The management's comments on the financial performance for 6 months 2015
- Audited interim consolidated financial statements for the six months ended in 30 June 2015
- The management's comments on the financial performance for 3 months 2015
- Unaudited interim consolidated financial statements for the three months ended in 31 March 2015
- The management's comments on the financial performance for 2014
- Consalidated annual financial statements for 2014
- The management's comments on the financial performance for 9 months 2014
- Clarifications and analysis of financial statements of the group of KEGOC companies for 6 months 2014
- Unaudited interim consolidated financial statements for the three months ended in 31 March 2014
- Clarifications and analysis of financial statements of the group of KEGOC companies for 12 months ended on 31 December 2013
- Consolidated statement of changes in equity for the period ended on 30 September 2013
- Consolidated statement of changes in equity for the period ended on 31 December 2012
- Consolidated statement of changes in equity for the period ended on 30 March 2012
- Consolidated financial statements for the year ended December 31, 2011
- Consolidated statement of changes in equity for the period ended on 31 December 2011
- Consolidated statement of changes in equity for the period ended on 30 September 2011
- Consolidated statement of changes in equity for the period ended on 30 June 2011
- Consolidated statement of changes in equity for the period ended on 31 March 2011
- Consolidated financial statements for the year ended December 31, 2010
- Consolidated financial statements, for the period ended on 30 September 2010
- Consolidated financial statements, for the period ended on 30 june 2010
- Consolidated Balance December 31 2009
- Consolidated financial statements December 31 2008
- Accounting Policy Information
- Consolidated balance December 31 2007