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BDO in Ukraine Attended the Meeting of the Supervisory Board of Ukrhydroenergo

21/ 03/ 2025
  О. Nikolayenko, V. Koreniak and N. Shyp met with the Supervisory Board of Ukrhydroenergo to discuss key issues related to the planning of the audit of the financial statements of PJSC Ukrhydroenergo prepared in accordance with IFRS as at and for the year ended December 31, 2024. The meeting focused on the audit plan for Ukrhydroenergo’s financial statements for 2024, the nature and scope of the audit, and the timing of the planned audit services. Audit planning is an integral component of our collaborative strategy for communication with the Supervisory Board representatives, which ensures effective two-way communication between the auditors of BDO in Ukraine and the Supervisory Board of Ukrhydroenergo throughout the audit process. The auditors reported to the members of the Supervisory Board on the main issues related to the audit of the financial statements, which included the following: the applicable materiality level and the algorithm for its calculation, identified material risks and planned audit procedures to mitigate them, preliminary results of the assessment of the effectiveness of the Company’s internal control system, etc. Additionally, the auditors communicated to the Supervisory Board members that BDO LLC and the engagement team members involved in the audit are independent with respect to PJSC Ukrhydroenergo. At the meeting, O. Nikolayenko, Key Audit Partner at BDO in Ukraine, stated: “We are honored to be the auditors of Ukrhydroenergo. This strategic partner shares our commitment to supporting the stability and development of Ukraine’s energy infrastructure, even in the challenging conditions of war. The high quality of Ukrhydroenergo’s financial statements, prepared in accordance with international standards, enables the company to attract financing from international financial institutions and develop hydropower in Ukraine, restore hydroelectric power plants, and strengthen Ukraine’s energy security, even in the face of Russia’s armed aggression.” BDO in Ukraine works towards a common goal — to support the stability and development of Ukraine’s energy infrastructure in a difficult environment. We actively support businesses with professional audit and advisory services, helping them to recover and develop in the face of current challenges. Together we strengthen the foundations for future prosperity! Contact us!

О. Nikolayenko, V. Koreniak and N. Shyp met with the Supervisory Board of Ukrhydroenergo to discuss key issues related to the planning of the audit of the financial statements of PJSC Ukrhydroenergo prepared in accordance with IFRS as at and for the year ended December 31, 2024.

The meeting focused on the audit plan for Ukrhydroenergo’s financial statements for 2024, the nature and scope of the audit, and the timing of the planned audit services.

Audit planning is an integral component of our collaborative strategy for communication with the Supervisory Board representatives, which ensures effective two-way communication between the auditors of BDO in Ukraine and the Supervisory Board of Ukrhydroenergo throughout the audit process.

The auditors reported to the members of the Supervisory Board on the main issues related to the audit of the financial statements, which included the following: the applicable materiality level and the algorithm for its calculation, identified material risks and planned audit procedures to mitigate them, preliminary results of the assessment of the effectiveness of the Company’s internal control system, etc. Additionally, the auditors communicated to the Supervisory Board members that BDO LLC and the engagement team members involved in the audit are independent with respect to PJSC Ukrhydroenergo.

At the meeting, O. Nikolayenko, Key Audit Partner at BDO in Ukraine, stated: “We are honored to be the auditors of Ukrhydroenergo. This strategic partner shares our commitment to supporting the stability and development of Ukraine’s energy infrastructure, even in the challenging conditions of war. The high quality of Ukrhydroenergo’s financial statements, prepared in accordance with international standards, enables the company to attract financing from international financial institutions and develop hydropower in Ukraine, restore hydroelectric power plants, and strengthen Ukraine’s energy security, even in the face of Russia’s armed aggression.

BDO in Ukraine works towards a common goal — to support the stability and development of Ukraine’s energy infrastructure in a difficult environment. We actively support businesses with professional audit and advisory services, helping them to recover and develop in the face of current challenges. Together we strengthen the foundations for future prosperity! Contact us!

This material is provided by a member company or partner organization of the European Business Association as part of an informational collaboration. The Association is not responsible for the accuracy, completeness, or reliability of the information presented. The views, opinions, and recommendations expressed in this material are solely those of the authors and do not reflect the official position of the European Business Association.

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