The social security institution addresses and ensures implementation in a timely manner of the recommendations made by the operational audit and the independent expert review.
Guideline code
ACT_01300
Mechanism
Mechanism
- The social security institution and the actuary completing the valuation should review the recommendations and determine which ones are within their control.
- The social security institution and the actuary completing the valuation should prepare a plan to implement the recommendations as appropriate. This plan should include identifying the parties responsible for the implementation, the actions to be taken, the time frame for the implementation and the expected outcomes.
- Responses to the recommendations should be provided to appropriate parties (board (if any), management, internal auditor, independent expert reviewers, etc.). These responses should describe the actions taken and outcomes of these actions. The responses should, as necessary, also provide the rationale for not addressing specific recommendations.
Structure
Principles
- The social security institution should ensure that actuaries have the resources needed to address the recommendations arising from the audit and independent expert review.
- The implementation of recommendations should be appropriately monitored.
- If the social security institution decides not to implement recommendations from the audit and/or independent expert review the reasons should be fully documented.
Title HTML
Guideline 12. Following the recommendations of the operational audit and independent expert review
Type
Guideline_1
Weight
16