45. OTHER INFORMATION (continued)

45.6 Off-balance sheet item of subsidiary


SSIAM, a subsidiary of the Company, conducts portfolio management activities. As at 31 December 2018 and 31 December 2017, SSIAM off-balance sheet items related to portfolio management activities of entrusted investors include deposits, portfolios, receivables and payables are as follows:

In particular, the list of securities in the portfolio of entrusted investors is reduced in value as follows:
45.7 Accounting ratios

SSI Internal Audit was developed and reported directly to the Board of Directors of SSI. The internal audit team is fully capable and experienced to perform the assigned tasks which has been specified in the operation regulations of the Department. Operating principles of Internal Audit are independence, objectivity, honesty, coordination and security.


Activities of SSI Internal Audit in 2018 are as follows:


  •  Supervision of Financial Report

SSI Internal Audit has supervised the quarterly and annual financial statement before being issued and published. Results shows that all Reports were prepared, published timely and in accordance with regulations.


  •  Supervision of Financial Safety Ratio Report

SSI Internal Audit has supervised the Financial Safety Ratio Report through auditing monthly reports. All report was published timely. All requirements for determining the criteria in the report are ensured in accordance with Circular 87/2017/TT – BTC


Action plan for 2019:


  • Continue to internal auditing on finance – accounting activities, reports prepared by Accounting Department before publishing ensure the appropriateness and transparency of financial information.
  • Assess capital safety through internal auditing financial safety reports periodically.
  • Review internal control system related to anti-money laundering regulations.
  • Participate in training course for Decree 05/2019 / ND-CP on internal audit issued on January 22, 2019 and be effective in April 2021 to make changes in accordance with new requirements of the law regarding internal audit.