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"Rosseti" held a conference of Internal Auditors power grid companies in the country

Rosseti held a conference of Internal Auditors power grid companies in the country

17 September 2013, 11:57
Tags: Rosseti


A conference on the theme "The system of internal control and risk management system in the power sector of the Russian Federation hosted In order to improve the development of the internal audit, internal control and risk management on 12-13 September 2013 in Moscow. Current state and prospects of development ". Tthe meeting was held by the Deputy Director General of "Rossetti" in the control and audit Nicholas Varlamov. The event was attended by the heads of internal audit unit and the company's control and internal audit departments of subsidiaries and associated companies of the holding power grid.

Conference participants shared experiences on various aspects of the power grid enterprises and discussed the latest international best practices in the field of internal audit, internal control and risk management. During the conference, questions were raised as the need to implement the principles and foundations of risk management practices in governance at all levels, as well as the corporate culture of the company and its subsidiaries.

The event noted that according to the Strategy of development of electric power industry of the Russian Federation, approved by the Decree of the Government of the Russian Federation of April 3, 2013 № 511-p, "Rossetti" must become a single management company for the entire industry. "With the implementation of the goals and objectives control and audit units must comply with current trends and be proactive on emerging risks from changes in the external and internal environment. We need to develop and implement such standards of control activities, which would become a reference point not only in the perimeter of the companies included in the group "Rossetti", but for all the local grid companies, "- said Nicholas Varlamov.

The conference was attended by representatives of the external auditor of JSC "Rossetti" - CJSC "KPMG", who talked about the best practices of interaction between internal and external auditors, as well as audit committees.

It has also been decided appropriate to develop and adopt a strategy for the development of the internal control system, and establish working groups comprising representatives of internal audit and control of "Rossetti" to develop common standards for the construction of the control environment and internal audit procedures that take into account all the nuances and practices of child companies.

The conference is an important event in a series of sequential steps aimed at improving the effectiveness of the internal audit function, the construction of a coherent system of internal control and risk management in the companies of power grid complex.