SSI Internal Audit was developed and reported directly to the Board of Directors. Accordingly, Internal Audit’s duties are to assess compliance of business operations with applicable regulations on financial norms and information of the Company, supervise the Company’s compliance with norms of financial safety ratio report. Operating principles of Internal Audit are independence, objectivity, honesty, coordination and security. 

Activities of SSI Internal Audit in 2019 are as follows:

 

Supervision of Financial Report

 

SSI Internal Audit has supervised the quarterly and 2019 annual financial statements before being issued and published. Results shows that all Separate and Consolidated quarterly and annual financial statements were prepared, published timely and in accordance with regulations. The recommendations and exchanges of Internal Audit are timely reviewed, feedback, revised and remedied by relevant departments. 

 

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.

 

Reviewing internal control system related to anti-money laundering regulations.

 

The Company’s Internal Audit System effectively operates, ensures full implementation and supervision of anti-money laundering processes and regulations.

 

Action plan for 2020

 

 Update and revise internal processes to meet the legal requirements related to internal audit activities;

 

 Improve operation efficiency of Internal Audit through the auditing by subjects and expansion of auditing scope;

 

 Continue to internal auditing on finance – accounting activities, reports before publishing ensure the appropriateness and transparency of financial information, and compliance with financial safety ratio.