NIS appoints independent auditor
Serbian Oil Industry (NIS) management approved Monday the appointment of Ernst & Young company as special auditor of its 2008 accounts.
Tuesday, 11.08.2009.
09:42
Serbian Oil Industry (NIS) management approved Monday the appointment of Ernst & Young company as special auditor of its 2008 accounts. The Serbian government decided earlier not to appoint an independent auditor for NIS and recommended to that company to engage at their own expense an independent auditor through a contract with the company. NIS appoints independent auditor The auditor should establish whether NIS last year had a profit of RSD 2.3bn as the previous leadership of the firm had claimed when it was a public company, or whether it had a loss of around RSD 8bn, as shown in the report by the KPMG auditor engaged by Russia's Gazprom, the new majority owner of NIS. The auditor should finish this task by September 30, which is the deadline for submitting a financial balance for the last year, according to the law on economic societies. But NIS Board of Directors member Danica Draskovic said that the deadline for the final balance for 2008 was extended to the end of 2009.
NIS appoints independent auditor
The auditor should establish whether NIS last year had a profit of RSD 2.3bn as the previous leadership of the firm had claimed when it was a public company, or whether it had a loss of around RSD 8bn, as shown in the report by the KPMG auditor engaged by Russia's Gazprom, the new majority owner of NIS.The auditor should finish this task by September 30, which is the deadline for submitting a financial balance for the last year, according to the law on economic societies.
But NIS Board of Directors member Danica Drašković said that the deadline for the final balance for 2008 was extended to the end of 2009.
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