Internal Audit and Revision Committee

PJSC Aeroflot has a system of internal control over its financial and operating activities, consisting of: Revision Committee, the Audit Committee of the Board of Directors, executive bodies, Company management and the Internal Audit Department.

The internal control systems are designed to maximise the Aeroflot Group’s transparency, economic efficiency, and compliance with the applicable laws.

Internal Audit Department

Aeroflot Group has in place a centralised internal audit function, headed by the Director of the Internal Audit Department. The Director of the Internal Audit Department functionally reports to the Board of Directors of PJSC Aeroflot and to the Audit Committee of the Board of Directors.

In its operation, the Department is guided by the International Standards for the Professional Practice of Internal Auditing and the underlying principles of independence, objectivity, proficiency, and professional care. The purpose of the Internal Audit Department is to support: economic efficiency and solid performance of PJSC Aeroflot; achievement of financial and operational KPIs; protection of assets; fair disclosures of the Company’s financial and operational data; compliance with the applicable laws.

Revision Committee

The Revision Committee supervises PJSC Aeroflot’s financial and business operations to provide reasonable assurances of the Company’s business fully meeting the interests of its shareholders and requirements set forth in the applicable laws of the Russian Federation. In its operation, the Revision Committee is guided by PJSC Aeroflot’s Articles of Association and the Regulations on the Revision Committee.

The General Meeting of Shareholders of 26 June 2017 elected members of PJSC Aeroflot’s Revision Committee as follows:

  • Igor Belikov – Director of Russian Institute of Directors;
  • Ekaterina Nikitina – Advisor to the President of PJSC Transneft;
  • Mikhail Sorokin – Head of the Management Department of the Federal Agency for State Property Management;
  • Sergey Ubugunov – Head of Department of the Ministry of Transport of the Russian Federation;
  • Vasily Shipilov – Deputy Director of a Department of the Ministry of Economic Development of the Russian Federation.