PASHA_BANK_ANNUAL REPORT 2022

57 PASHA Bank 2022 Annual Report General Information Information on Management and Corporate Governance Principles Financial Information and Risk Management Review The Audit Committee informed Board Members on the outcomes of its activities concerning internal systems and its decisions regarding the issues on the Board’s agenda at the meetings held throughout the year. The activity reports prepared by the Committee and the Internal Systems Units were presented to the Board of Directors for information and/or approval. Meeting Dates Number of Attending Members Type of Meeting 31 January 2022 2 Electronic 18 February 2022 2 Electronic 16 March 2022 2 Electronic 31 March 2022 2 Electronic 29 April 2022 2 Physical Attendance 23 May 2022 2 Electronic 22 July 2022 2 Electronic 05 August 2022 2 Electronic 20 September 2022 2 Electronic 21 October 2022 2 Physical Attendance 25 November 2022 2 Electronic 24 November 2022 2 Electronic 13 December 2022 2 Electronic 23 December 2022 2 Electronic relevant legislation, and outlined in writing by the Audit Committee Regulation. The working principles of the Audit Committee are posted on the corporate website of PASHA Bank. The Audit Committee presented the results of its activities within their responsibilities and its evaluation of activities of units under internal systems to the Board of Directors within the activity report prepared for the period of six months. In 2022, the Audit Committee held 14 meetings with full attendance and made a total of 43 decisions in meetings or based on file evaluations. The meetings were held to discuss and decide on the risk assessment report prepared by the Internal Audit Unit and annual audit plan prepared based thereupon, internal audit reports within the scope of the audit plan; validation and review reports for the ICAAP report dated 31 December 2021; internal audit, technical adequacy, risk analysis and annual review reports for support services providers; annual assessment reports for appraisal firms; designation of the independent audit firm and the services to be procured, the activities and independence of the independent auditor; independently audited financial reports that have been drawn up in accordance with the BRSA regulations and IFRS; management declaration studies; action plans in response to the findings from the penetration tests, business processes and information systems audit report; intra-group transactions report; changes in internal regulations for the units under Internal Systems and their job descriptions, compliance and internal control reporting, annual reports of the internal audit unit, annual internal control plan and information systems review plan, promotion and appointment of employees within the scope of internal systems, key performance indicators and quality assurance and improvement program of internal audit unit.