The Audit Chamber states that it has authorities to conduct public external financial monitoring in Naftogaz NJSC, according to the statements of its press office, ET reports.
The Audit Chamber refers to the subparagraph 4 of paragraph 1 of part 1 of Article 7 of the Law of Ukraine On Audit Chamber – Audit Chamber’s authorities include the financial and performance audit in respect of management of state-owned assets, resulting in financial consequences for the state budget, including ensuring contribution of the funds, obtained by the state as the owner of such entities, to the state budget.
The objects, monitored by the Audit Chamber while performing authorities set forth in part 1 of this article are, in particular, the business entities (part 2 of article 7 of the Law).
According to the subparagraph 5 of part 1 of article 3 of the Law of Ukraine On Management of State-Owned Assets, the state-owned assets under management are the corporate rights belonging to the state in authorized capitals of business entities.
According to the Charter of the Public Joint Stock Company “National Joint Stock Company ”Naftogaz of Ukraine” approved by the resolution of the Cabinet of Ministers of Ukraine dated 14/12/2016 №1044, the state is the founder and sole shareholders of the Company.
Accordingly, the Audit Chamber states that it is authorized to conduct said audit.
Previously, the Audit Chamber accused Naftogaz of sabotaging the audit stating that the company does not allow its representatives to conduct the company’s performance audit.