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Audit Committee

The composition of the Audit Committee (hereinafter referred to as the "Committee") is approved by the Resolution of the Supervisory Board of the Bank dated October 8, 2021 (Minutes No. 19):

  • Kramarenko O.A.: Committee Chairman, Non-Executive Director, Member of the Supervisory Board of "Belinvestbank" JSC

  • Volosiuk A.P.: Non-Executive Director, Member of the Supervisory Board of "Belinvestbank" JSC

  • Titov A.M.: Non-Executive Director, Member of the Supervisory Board of "Belinvestbank" JSC

  • Khodasevich T.G.: Head of Internal Audit Office

  • Tarasiuk O.S.: Head of Internal Control & Compliance Department, Officer responsible for internal control within the Bank

The Committee is a consulting and advisory body coordinating the operation of internal control & compliance system within the Bank.

The Committee submits the recommendations concerning the issues of internal control as well as proposals on internal control system improvement to the Supervisory Board for examination

The Committee has the following tasks and functions:

  • Evaluates internal control system efficiency on a consolidated basis, including that within the Bank and (or) banking holding headed by the Bank and that of internal audit office activities

  • Reviews management statements on internal control system status prepared quarterly by the Officer responsible for internal control within the Bank

  • Submits semiannually management statements on internal control system status to the Supervisory Board

  • Examines the results of revisions of the National Bank of the Republic of Belarus and other state (regulatory) bodies and submits to the Supervisory Board data on detected major problems, misuses and deficiencies within the Bank's activities which may lead to unfavourable consequences

  • Monitors the procedures for financial (accounting), statistical and prudential statements preparation

  • Interacts with the Bank's Revision Commission by considering its opinion on the results of the annual revision of the Bank's financial and operating performance prior to its submission to the Annual General Meeting for consideration

  • Preliminarily scrutinizes the Bank's budget at the joint meetings of the committees under the Supervisory Board of the Bank prior to its submission to the Bank’s Supervisory Board for consideration

  • Monitors the formation of accounting policies and their application

Over the nine months of 2021, thirteen meetings of the Audit Committee have been held.

From November 1, 2021, Tatyana Gennadyevna Hodasevich has been appointed the Head of Internal Audit Service (Internal Audit Office).