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Infocommunication Union

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Infocommunication UnionStructureAudit Commission

Audit Commission

Audit Commission is a body of control, carrying out the functions of internal financial and economic control over the ICU activities. The Audit Commission has the following tasks:

  • To check ICU financial documentation and final statements of the Commission for inventory properties;
  • To verify legality of contracts made on behalf of the ICU, transactions, payments to contractors;
  • To check proper use of ICU funds;
  • To analyze accounting and statistical records to be in accordance with existing regulations;
  • To verify ICU financial and economic activities;
  • To analyze financial position of the ICU, its solvency; to show the reserves for improving the financial situation of the ICU, to work out recommendations for the ICU management bodies;
  • To check timeliness and accuracy of payments to contractors, payments to the budget, other payments;
  • To control the ICU balance sheet, annual report and final records to be submitted to Internal Revenue Service and other bodies of state administration;
  • To check competence of the decisions taken by the ICU Board and CEO and their accordance with the ICU Charter, decisions of the General Assembly and current legislation.
  • To analyze the General Assembly decisions, to amend them if there is any conflict with Russian laws, regulations and the ICU Charter.

Audit Commission can carry out other types of work indicated in the ICU Charter and the Audit Commission Regulations.