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Interfax: Foreign auditors shouldn’t be hired to audit Russian budget – Stepashin

Oct 12 2006 3:45PM

MOSCOW. Oct 12 (Interfax) – Chairman of the Audit Chamber Sergei Stepashin has spoken out against hiring foreign auditing companies to audit the use of the Russian budget.

“I think it is a totally wrong idea to hire auditing companies, including foreign firms, to audit the use of the budget,” he said on Thursday. “Despite the fact that this is a direct violation of Article 101 of the Russian Constitution, such proposals are being seriously considered by the Finance Ministry,” he said.

“Aren’t the results of privatization and the signing of production sharing agreements for Sakhalin-1 and Sakhalin-2 enough for us? Now even foreigners will advise us on what to do with the budget deficit,” Stepashin said. rm

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