OREANDA-NEWS. On April 30, 2008 the Russian Bank for Development has completed the tender among auditing companies for the mandatory annual audit of the Bank in 2008. After handling the bids the Bank’s tender committee has chosen ZAO “Ernst & Young Vneshaudit”, reported the press-centre of RBD.
 
The subject of the Contract will be mandatory annual audit of consolidated and non-consolidated financial statements of the Bank for 2008 prepared in accordance with the Russian regulatory requirements in the field of book-keeping, as well as pursuant to International Financial Reporting Standards (IFRS) and presenting auditors’ reports.

Moreover the audit of the Bank’s consolidated financial statements for the reporting year, prepared in accordance with accounting principles generally accepted in the United States of America (US GAAP) will be held and the audit report will then be presented.