In accordance with the legislation of the Republic of Kazakhstan, the determination of the audit organization conducting the audit of the Bank and the amount of payment for its services falls within the exclusive competence of the Board of Directors.

In accordance with the Policy on Engaging External Audit and the Regulations on the Audit Committee, the competence of the Audit Committee of the Bank's Board of Directors includes:  

-     preliminary approval of the issue regarding the determination of the audit organization conducting the audit of the financial statements and the amount of payment for its services;

-     control over the implementation of recommendations made by internal and external auditors;

-     the appointment and necessity of changing the external auditor conducting the audit, alignment of qualification requirements and/or technical specifications developed for the purpose of conducting a tender for the selection of an external auditor, determining the amount of payment for their services, and evaluating the quality of the external auditor's services;

-     assessment of the independence and objectivity of the external audit, as well as preliminary analysis of the audit organization's conclusion before presenting it to the Board of Directors;

-     review of reports from regulatory bodies, external and internal auditors, and management regarding compliance with legislation;

-     regular meetings with the external auditor, review of management letters prepared by the external auditor, and review of the external auditor's recommendations reflected in the management letter that have been implemented by management;

-     consideration of other matters relating to the activities of internal and external audit, and financial and economic reporting;

-     if necessary, holding separate meetings with the Bank's management, its external, and internal auditors.

In accordance with the Rules for the Procurement of Goods, Works, and Services during the centralized procurement of JSC "Baiterek" NIH" for the audit of financial statements for 2024-2026, LLP "PricewaterhouseCoopers" was recognized as the winner. A long-term procurement contract for financial statement audit services for 2024-2026 was concluded with LLP "PricewaterhouseCoopers" on April 26, 2024. The contract is valid until April 30, 2027. The amount of remuneration for financial statement audit services for 2025 is 82 million tenge.

The Bank follows the principle of rotation of the project partner (who bears the main responsibility for the audit) in accordance with the Policy on Engaging External Audit in the Bank, which is no more than 7 years.

In the case of receiving non-audit services from the external auditor, the Bank reviews all services for the possibility (risk) of a conflict of interest arising (a situation in which the interest of the external auditor may affect their opinion on the reliability of the financial statements), which affects the independence of the external auditor. During 2025, the audit organization LLP "PricewaterhouseCoopers" did not provide any consulting services unrelated to the audit of financial statements.