Audit function and internal financial reporting in Bondora

FINANCIAL AUDITOR

KPMG Estonia, in Tallinn, Estonia, provides audit services to Bondora. KPMG 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 has its all annual reports audited by KPMG. The audits are carried out according to International Financial Reporting Standards (IFRS).
 
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
Martha Skirta, interim Chief Financial Officer, is responsible for overseeing financial planning and control, tax, accounting, audit and shareholder relations, including reporting.

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