The Internal Audit Service (hereinafter referred to as IAS) functions in SE Navoiuran. IAS activity is organized in accordance with international professional standards of internal audit, which allows the Company to ensure:

– Independence of the IAS taking into account its subordination to the Audit Committee under the Supervisory Board;

– Risk-oriented approach to planning and conducting internal audits;

– International experience and competencies in corporate governance, risk management and internal audit.

In 2024, the Supervisory Board approved the following key documents:

– Regulations on Internal Audit in accordance with the International Professional Standards for Internal Audit

– Internal Audit Development Strategy

– Annual and prospective audit plan (2024 – 2026)

– Internal Audit Scorecard.

The plan is to formalize the methodology of internal audits and develop a program to ensure and improve the quality of internal audit activities.