PwC, Ernst&Young participating in tender to conduct Ukrzaliznytsia's financial audit
PricewaterhouseCoopers (Audit) and Ernst&Young Audit Services have submitted their bids to a tender to conduct a financial audit of the State Railway Administration of Ukraine (Ukrzaliznytsia).
According to a press release issued by Ukrzaliznytsia, PricewaterhouseCoopers (Audit) assessed its services at UAH 25 million and Ernst&Young Audit Services – at UAH 19.8 million (value added tax included).
The tender is conducted to receive audit reports on the consolidated financial report of Ukrzaliznytsia for 2014 and 2015, a report on the survey of an interim consolidated report for H1 2015, and to confirm financial coefficients calculated by Ukrzaliznytsia under the conditions of credit agreements signed by the customer with banks-creditors as of December 31, 2015, June 30, 3015 and December 31, 2015.
