Audit function and internal financial reporting in Bondora

FINANCIAL AUDITOR

AS Deloitte Audit Eesti, in Tallinn, Estonia, provides audit services to Bondora. AS Deloitte Audit Eesti are chartered accountants, members of the Estonian Board of Auditors in the Republic of Estonia, and qualified to practice as auditors in the Republic of Estonia.

Bondora had its 2014 and 2015 annual reports audited by Deloitte. The audits were carried out according to IFRS and were issued with an unqualified opinion in both years.

INTERNAL AUDITOR

Erki Mägi, of AS PricewaterhouseCoopers, in Tallinn, Estonia has been named as Bondora’s internal auditor, reporting to the Supervisory Board. Erki Mägi is a certified internal auditor and qualified to practice as an internal auditor in the Republic of Estonia.

To date, AS PricewaterhouseCoopers has performed one full-scale review of Bondora’s internal processes and controls and will continue to undertake regular independent assessments of Bondora´s processes. The aim of such audits is to assess whether Bondora, its management and staff members’ activities comply with applicable legal requirements, Estonian Financial Supervision Authority rules, the Company’s internal rules, the Management Board’s and Supervisory Board’s decisions, and Bondora’s contractual agreements with third parties, and whether these activities are in accordance with industry best practices.

INTERNAL FINANCIAL REPORTING

Rein Ojavere, Bondora’s Chief Financial Officer, is responsible for overseeing financial planning and control, tax, accounting, audit and shareholder relations, including reporting.

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