The external auditor adheres to the International Standards on Auditing and the International Financial Reporting Standards for rendering audit services.
The current practice of selecting an external auditor for Air Astana implies a set of procedures for selecting an auditor that precede the signing of an agreement for rendering audit services, in accordance with Air Astana Procurement Regulations approved by the Board of Directors. This procedure was developed in accordance with the laws of the Republic of Kazakhstan, as well as the Company’s Charter, Procurement Regulations and other internal documents.
The auditor is selected for a period not exceeding three years. The auditor must develop a succession plan for achieving this result and submit the plan to the Audit Committee for consideration no later than one year before a new external auditor is selected.
Air Astana’s external auditor for the period of 2017-2019 is KPMG Audit LLP, an independent audit organisation.