OREANDA-NEWS. On April 28, 2007 the Russian Bank for Development has completed the tender among auditing companies for the mandatory annual audit of the Bank in 2007. After handling the bids the Bank’s tender committee has chosen ZAO “Deloitte & Touche CIS”, reported the press-centre of RAB. The subject of the Contract will be mandatory annual audit of consolidated and non-consolidated financial statements, prepared in accordance with the Russian regulatory requirements in the field of book-keeping, as well as pursuant to International Accounting Standards, and presenting auditor’s reports. Moreover the audit of the Bank’s consolidated financial statements for the reporting year, prepared in accordance with accounting principles generally accepted in the United States of America (US GAAP) will be held and the audit report will then be presented, and there will be conducted a translation of the consolidated financial statements (profit and loss statement) as of 1st July of the reporting year, prepared in accordance with the Russian regulatory requirements in the field of book-keeping into statements, prepared in accordance with US GAAP.