Guideline 30. Internal and external systems of control

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

The accountability of the management is enhanced by internal and external systems of control.

Guideline code

GG_03900

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 structures and mechanisms to facilitate the application of the guidelines.

Parent

A. Good Governance Guidelines for the Board and Management

Structure

The internal auditor and external auditor should keep the management informed of their work and conclusions.
The actuary (internal or external, or both) should keep the management informed of their work and conclusions.
There should be an independent, external custodian to hold and ensure the safety of the assets of the social security scheme.

Guideline 30. Internal and external systems of control

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