Press release on the results of the expert-analytical event and state audit of the effectiveness of the activities of individual subjects of the quasi-public sector.

Press release

 

On March 5, 2020, a regular meeting of the Audit Commission took place.

At the meeting of the Audit Commission, the results of the expert and analytical event and the state audit of the effectiveness of the activities of individual subjects of the quasi-public sector were summed up.

It was noted that the joint-stock companies “Socio-entrepreneurial corporation“ Saryarka ”and“ Management company of the special economic zone “Saryarka” generally achieve the goals stipulated in the Charters.

At the same time, the actions of certain officials led to violations of the norms of regulatory legal acts of the Republic of Kazakhstan and internal documents of joint stock companies.

The audit identified some shortcomings that speak of ineffective corporate governance.

Analysis of the achievement of key performance indicators of the Development Strategy and Development Plans showed a low level of their achievement.

The improper organization of the internal activities of joint stock companies in terms of the use of assets and financial resources led to violations and shortcomings in the total amount of 2.6 billion tenge.

Based on the audit results, joint-stock companies and their shareholders were given recommendations on compliance with the legislation of the Republic of Kazakhstan and acts of quasi-public sector entities, improving financial discipline.