External audit

External Auditor of the Financial Statements of JSC “Export Credit Agency of Kazakhstan”

In accordance with the decision of the Sole Shareholder of Joint Stock Company “Export Credit Agency of Kazakhstan” dated June 26, 2024, LLP “PricewaterhouseCoopers” has been appointed as the audit organization to conduct the audit of financial statements for the period 2024–2026.

List of services provided by the external auditor for 2024–2026:

1. Semi-annual review of financial statements, including:

1. review of the condensed separate and/or consolidated financial statements for the period from January 1 to June 30 of each financial year during 2024–2026, prepared in accordance with IAS 34 and conducted in compliance with ISRE 2410, with the issuance of a review report;
2. review of the package of separate and/or consolidated financial statements as of June 30 of each financial year during 2024–2026 (if required), prepared for consolidation purposes in the format approved by the minutes of the Management Board meeting of JSC “National Managing Holding Baiterek”;

2. Performance of interim audit procedures based on the results for the period from January 1 to September 30 of each financial year during 2024–2026 in respect of the separate and/or consolidated financial statements;

3. Audit of annual financial statements, including:

1. audit of the annual separate and/or consolidated financial statements for each financial year during 2024–2026 in order to express an independent opinion on whether the financial statements are prepared, in all material respects, in accordance with IFRS;
2. audit of the package of separate and/or consolidated financial statements as of December 31 of each financial year during 2024–2026, prepared for consolidation purposes in the format approved by the minutes of the Management Board meeting of JSC “National Managing Holding Baiterek”;
3. audit of the annual separate and/or consolidated financial statements as at and for the year ending December 31 of each financial year during 2024–2026, prepared in accordance with the list and forms approved by the regulatory act of the authorized state body of the Republic of Kazakhstan pursuant to the Law of the Republic of Kazakhstan No. 234-III “On Accounting and Financial Reporting”;

4. Provision of related services.

Within the framework of the financial statements audit procurement agreement, the external auditor provides consultations on accounting and tax matters and, based on the results of the financial statements audit, presents reports to the Audit and Risk Committee / Board of Directors of JSC “Export Credit Agency of Kazakhstan”.