Control and Audit Department

The purpose of the Control and Audit Department is to provide professional support to the Board of Directors and Company management in construction of an efficient system of internal control, and to help raise efficiency of the Company and its capitalization.

The tasks of the Control and Audit Department are:

• creation of a unified system of control over finances and operations in subdivisions, representative offices and subsidiaries of Rosneft;
• conduct of control measures (investigations, complex audits, thematic and specialized checks, expert assessments, and other corporate investigations) in order to identify areas which require improvement or better use of Company potential and resources;
• informing Company management bodies of the results of control measures, and the state of systems and processes;
• design of corrective measures and drafts of corporate decisions as a result of control measures;
• ensuring full, proper and timely execution of decisions by the Board of Directors, Management Board and President, and BoD Audit Committee as a result of control measures in the competence of CAD;
• preparing conclusions of internal audit commissions at subsidiaries and dependent companies in accordance with the requirements of Russian Law;
• procedural and methodological support for the activities of audit commissions and of control and audit divisions of subsidiaries.

Detailed information on activities of the Control and Audit Department and other bodies of the audit and control system of Rosneft can be found in the Annual Report.