Over February to April 2005, Gazprom will be conducting a Tender to select an auditing company responsible for statutory annual audit of Gazprom’s financial accounts.
The resolution to conduct the Tender was adopted at a Board of Directors’ meeting in absentia.
The Board approved the composition of the Tender Commission entrusted with holding the Tender and submitting its results to the Board.
The formal notice of the Tender opening date and regulations was published in the Izvestia newspaper on 22 February this year.
Auditing companies wishing to participate in the Tender should submit their applications to the Tender Commission within 15 days from the date of the formal notice.
All applicants will be invited to bring forward their technical and financial bids before 26 April.
The Tender is to be held on 14 April 2005 at Gazprom’s Headquarters.
The auditing company with the highest score will become the Tender winner.
The Tender outcomes will be reviewed by Gazprom’s Board of Directors and the newly selected auditor will be approved as such at the next Annual General Shareholders’ Meeting.
The regulations of the Tender aimed at the selection of auditing companies responsible for statutory annual audit of Gazprom’s financial accounts were devised by the Company in pursuance of the Federal Law “On the Auditing Activity”.
PricewaterhouseCoopers Audit was approved as Gazprom’s 2004 auditor under the resolution of the 25 June 2003 Annual General Shareholders’ Meeting.
DIVISION OF RELATIONS WITH MASS MEDIA