The Internal Audit Service
The Internal Audit Service is a single centralised body of KMG which reports directly to the Board of Directors.
The Service monitors economical and financial activities of KMG and other KMG Group Organizations, conducts internal control and risk management evaluations, monitors compliance with corporate management documents and provides consultations to improve the performance of KMG and KMG Group.
The main objective of the Service is to provide independent and unbiased information to the KMG Board of Directors for efficient management of KMG and KMG Group by introducing a consistent approach to improvement of risk management processes, internal control and corporate management.
Based on the results of the regular external independent assessment of the Service’s activities conducted in 2020 by KPMG LLP, KMG showed 100% compliance with the Code of Ethics, the Internal Audit Definition of the Institute of Internal Auditors and the requirements of the International Internal Audit Standards. The high level of professionalism and maturity of the Service’s audit team and the rather high automation of internal audit processes were also noted.
Khalizhan Abdirayymov
Head of the Internal Audit Service
Nationality: The Republic of Kazakhstan
Education: Graduated from the Alma-Ata Institute of National Economy with a degree in Economics and planning of material and technical supply. Certified Public Auditor, certified in International Public Sector Accounting Standards. He obtained the following certification in internal auditing: «Professional internal auditor» (DipPIA, UK), «Certified professional internal auditor» (DipСPIA, UK).
Work experience: From 1991 to 2017, worked in various management positions in government agencies and the quasi-government sector.
From 2017 to 2021, was head of the Accounts Committee for Control over the Execution of the Republican Budget.
Since 6 October 2021, Head of the Internal Audit Service in JSC NC «KazMunayGas».