Revision Commission

The Revision Commission (auditor) - the body of internal financial control of a legal entity , elected by the general meeting of participants ( shareholders ) of the business company at least once a year to monitor the financial and economic activities of the company . The competence and size of the audit commission is determined by the charter of the business company and the legislation of the Russian Federation .

The Revision Commission, on its own initiative, the initiative of the general meeting of participants (shareholders) of the company, the board of directors or participant (large shareholder), as well as without fail before the annual general meeting, checks the financial and economic activities of the business company, the results of which confirm the accuracy of the data, contained in the statements, as well as public information about the identified violations of the procedure for conducting accounting and the provision of financial otchotnos and .

In a joint-stock company , the election of members of the audit commission (auditor) of the company is the competence of the annual general meeting of shareholders .

In the state apparatus, the role of the audit commission is played by financial control bodies, for example, the Accounts Chamber ; also citizens, through associations on the basis of self-government, can create public control organizations. Here is what the head of the Accounts Chamber of the Russian Federation Sergey Shakhrai says about this:

Now, if we conditionally imagine that the Russian Federation is an open joint-stock company, we are citizens in it, shareholders, there are managers in it, we elected them (president, parliament, government), there is capital - the country's budget, but so far no one has raised the question , and where is the audit commission? This may be somewhat ambitious, but the Russian Union of Taxpayers, as a non-political public organization, is such a first step to create an audit company for the shareholders themselves in order to monitor how our managers spend our taxes because the budget consists of our taxes.

- Interview with Shahrai S.M. "And where, in fact, do our taxes go?" 02/27/09 News , video