OREANDA-NEWS. April 15, 2009. State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ (hereinafter Vnesheconombank) in accordance with article 8 of the Federal Law “On the Bank for Development” dated 17.05.2007 N 82-FZ is to conduct an open tender for selecting an auditing firm to audit Vnesheconombank’s annual financial statements on a mandatory and yearly basis for the year 2009 among auditing firms having a license to conduct audits on the territory of the Russian Federation.

In order to conduct a tender Vnesheconombank’s Supervisory Board approved the Procedure for Conducting an Open Tender for Selecting an Auditing Firm to Audit Vnesheconombank’s Annual Financial Statements on a Mandatory and Yearly Basis (Annex 1, hereinafter the Procedure).

Auditing firms’ applications for participating in the tender subject to the form enclosed (Annex 2) are accepted by the Tender Commission till May 12, 2009 inclusive.

Auditing firms, which failed to submit applications within the set time frame, are not to be allowed to participate in the tender.

Tender documentation will be submitted to auditing firms from Monday to Thursday from 10-00 to 17-00, on Fridays from 10-00 to 16-00, applications (marked: to the attention of Vnesheconombank’s Tender Commission for Selecting an Auditing Firm to Audit Vnesheconombank’s Annual Financial Statements on a Mandatory and Yearly Basis) will be accepted within the same time frame at the following address:

The State Corporation “The Bank for Development and Foreign Economic Affairs (Vnesheconombank)”, Russia, Moscow, B-78 ,GSP-6, 107996, Academician Sakharov avenue, 9.

The Tender is to start on May 14, 2009 at 9-00 at the following address: Moscow, Krasnopresnenskaya embankment, 2.

An agreement with the winner of the tender on conducting a mandatory audit is to be made within at least 10 days after meeting requirements of section 4 the Procedure. Additional information is published in the information and analytical Bulletin “Konkursnye Torgi (Tendery) (the issue dated April, 13, 2009).

Material conditions of the agreement:
subject of the agreement: auditing Vnesheconombank’s annual financial statements on a mandatory and yearly basis for the year 2009;
auditing period: January – April 2010;
place of auditing: the city of Moscow;
procedure for paying for services: prepayment is no more than 30%, other payments are to be made in the process of completing certain auditing stages.

For more information on participating in the Tender do not hesitate to contact the Audit and Internal Control Department of Vnesheconombank at: 721-94-27, E-mail: Ulupov_V_E@veb.ru.