Guideline 9. Internal and external systems of control

Submitted by Anonymous (not verified) on Tue, 07/10/2018 - 09:46

Legislation, policy or decree provides for the establishment of internal and external systems of control for the social security institution.

Guideline code

GG_01200

Mechanism

Both the internal and external auditors may be mandated to report to the external authority that has jurisdiction over the social security institution.
The custodian should regularly check the assets under custody against the accounting registration of transactions and balances.

Sections B.3 and B.4 provide more guidelines on internal audit and actuarial soundness, respectively, with corresponding suggestions on structures and mechanisms to facilitate the application of the guidelines.

Parent

A. Good Governance Guidelines for the Board and Management

Structure

There should be an internal auditor who reports directly to the board.
There should be an external auditor who reports directly to the board.
There should be an actuary (internal or external, or both) who reports directly to the board.
There should be an independent, external custodian to hold and ensure the safety of the assets of the social security scheme.

Guideline 9. Internal and external systems of control

Tags