OREANDA-NEWS. August 27, 2009. Atomenergoprom OJSC has summed up the results of the competition for selection of the company that will audit its consolidated financial report for 2010 to be prepared in compliance with the International Financial Reporting Standards.

The selection was carried out in the form of an open request for proposals. Six companies filed their proposals with preference given to the terms proposed by KPMG.

Atomenergoprom OJSC (Atomny Energopromyshleny Kompleks) is a state holding that is supposed to comprise 89 nuclear companies and to cover the whole range of nuclear services: from uranium mining to NPP construction and electricity production. Atomenergoprom’s companies will have a total of 175,000 employees and an annual production of 200bln RUR (5.5bln EUR). Atomenergoprom is one of the biggest players on the world market: it has a 40% share in the world’s uranium enrichment services, 17% in nuclear fuel production, 8% in uranium mining, 28% in NPP construction (10 reactors). The director of Atomenergoprom is Vladimir Travin, the chairman of the board of directors – Sergey Kiriyenko.

KPMG is an international network of firms providing audit, tax and advisory services. It employs over 137,000 people in its offices in as many as 144 countries. In Russia and the CIS KPMG has been one of the most dynamically developing companies in the last years (62% growth in 2008). KPMG is partner to most of the biggest Russian companies. Almost 3,100 people work in KPMG offices in Moscow, St.Petersburg, Yekaterinburg, Nizhniy Novgorod, Novosibirsk, Rostov-on-Don, Almaty, Bishkek, Donetsk, Yerevan, Kyiv and Tbilisi. KPMG has three lines of services: audit, tax and advisory.