According to the bank's supervisory board, Sberbank shareholders selected the Ernst&Young audit company as the auditor of the bank for 2002 at today's general annual shareholders' meeting, member of the supervisory board Vadim Kleiner, who represented the interests of minority shareholders, told journalists.
Since 1995, Sberbank was audited by PricewaterhouseCoopers. This year, on the initiative of minority shareholders, executive officers of the bank decided to selects an auditor by tender for the first time. In addition to Ernst&Young, four international audit companies participated in the tender. They were PricewaterhouseCoopers, Deloitte&Touche CIS, the Financial and Accounting Consultants and KPMG. Among the conditions for audit and consultation services offered by the tender participants, the Ernst&Young offer was recognized as the best. As Sberbank representatives point out, the election of a new auditor demonstrates that the top management of the bank is striving to changing its auditing in accordance with traditional international practice, and for reducing audit costs.
The discovery of the submarine has unveiled a few "inconsistencies." For example, how can one explain the fact that the sub was found where it needed to be searched for from the start?
When on a state visit to Singapore, Russian President Vladimir Putin promised to revisit the discussion of the 1956 Declaration between the USSR and Japan regarding the issue of the peace treaty with Japan
The TurkStream, which runs along the bottom of the Black Sea from Russia's Anapa to Turkey, will consist of two lines, each with a capacity of 15.75 billion cubic meters of gas a year